Brazil: Sugar contracts in the US and UK show a significant increase

Published 2023년 3월 8일

Tridge summary

Sugar futures contracts have seen a significant increase on international exchanges, with all negotiations finding support in the ongoing harvest of India. In New York, all raw sugar contracts closed higher, with the March/23 and May/23 contracts increasing by 21 points and over 18 points, respectively. Similarly, in London, white sugar contracts also valued at ICE Futures Europe saw positive variations. The domestic market also saw a slight rise in crystal sugar prices, while hydrated ethanol prices fell by 1.19%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sugar futures contracts rose significantly on international exchanges. This Tuesday, the negotiations found all the support in the harvest of India, in which some mills are starting to stop grinding sugarcane in the State of Maharashtra. New York All raw sugar contracts closed higher on ICE Futures in New York. For the March/23 contract, the increase was 21 points, trading at 19.17 cents per pound. The May/23 contract, on the other hand, had a positive variation of more than 18 points with trading at 18.06 cts/lb. London White sugar contracts are also valued at ICE Futures Europe in London. In the May/23 contract, trading was US$ 588.20 a ton, up from US$ 7.90. The August/23 contract registered a positive variation of 8.10 dollars, negotiated at US$ 575.00 a ton. domestic market Crystal sugar prices rose slightly by 0.58% compared to the previous day. ...

Source: Agrolink