Global: Sugar futures market starts to operate with slight drops this Wednesday afternoon in New York

Published May 23, 2024

Tridge summary

The sugar market saw slight decreases in futures on the New York and London stock exchanges. The May/24 and July/24 contracts experienced a drop of 0.21% and 0.23% respectively. In London, the October/24 and December/24 maturities of white sugar fell by 2.30% and 3.50% respectively. Russia plans to increase its sugar exports to Kazakhstan by 100 thousand tonnes due to demand. The financial market reported a strengthening of the dollar against the real, with market anticipation of the release of the Federal Reserve's recent monetary policy meeting minutes.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After the sugar market started this Wednesday's session (22) in a mixed field, maturities began to work with slight falls on the New York Stock Exchange (ICE futures US) and on the London Stock Exchange. At around 10:57 am (Brasília time), salaries were down 0.21% to 0.23%. The July/24 maturity was priced at 18.35 cents/lb and with a decrease of 0.21%. The May/24 contract operated with a drop of 0.23% and was being traded at 18.37 cents/lb, while the July/24 contract had a drop of 0.23% and was priced at 18.66 cents/lb. At the London terminal, futures contracts began to operate in a negative field. The October/24 maturity of white sugar registered a drop of 2.30%, at US$ 521.60 per ton. The December/24 contract registered a devaluation of 3.50% and was traded at US$510.50 per ton. Russia said it plans to increase sugar exports to Kazakhstan by 100 thousand tonnes, according to the press service of the Kazakh government. “This decision followed a meeting on May 17 between Deputy ...
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