Brazil: Sugar futures contracts close lower in the US and UK stock exchanges

Sugar futures contracts ended Tuesday (25) lower on international stock exchanges, still under pressure from uncertainties regarding sugarcane yield in the last third of the current season. The persistent drought in the main producing region of Brazil, the biggest player in the market, continues to affect projections. On ICE Futures in New York, the contract for July/24 was traded at 19.10 cents per pound, a drop of 31 points compared to Monday's prices. The contract for October/24 fell 23 points, closing at 19.49 cents per pound. The remaining contracts fell between 10 and 17 points. At ICE Futures Europe, in London, white sugar also registered a devaluation on all screens. The contract for August/24 was sold at US$561.70 per ton, a drop of US$8.40 compared to the previous day. The contract for October/24 dropped US$7.00, being traded at US$547.20 per ton. The remaining lots fell between US$ 1.40 and US$ 4.20. In the domestic market, crystal sugar prices also had a low Tuesday, ...