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

Sugar

United States

United Kingdom

Brazil

Published Mar 9, 2023

Tridge summary

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 increased slightly by 0.58% compared to the previous day.

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