Sugar futures contracts operate close to stability this Friday afternoon (22) on the New York and London stock exchanges. The market monitors financial fluctuations on the day, in addition to concerns related to the harvest in producing origins.
At around 12:49 pm (Brasília time), the most traded maturity date for raw sugar on the New York Stock Exchange was stable, at 27.27 cents/lb. In London, the main maturity lost 0.08%, at US$ 732.20 a ton.
The sugar market awaits news. According to Reuters, global prices will likely remain high due to expectations of lower production in India, and could even reach close to 30 cents/lb on the New York Stock Exchange.
However, adjustments are not ruled out, as are financial fluctuations. Oil was operating slightly higher this afternoon and the dollar fell against the real, which tends to be a supporting factor for external prices of the sweetener.
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Sugar futures contracts operate close to stability this Friday afternoon (22) on the New York and London stock exchanges. The market monitors financial fluctuations on the day, in addition to concerns related to the harvest in producing origins. At around 12:49 pm (Brasília time), the most traded maturity date for raw sugar on the New York Stock Exchange was stable, at 27.27 cents/lb. In London, the main maturity lost 0.08%, at US$ 732.20 a ton. The sugar market awaits news. According to Reuters, global prices will likely remain high due to expectations of lower production in India, and could even reach close to 30 cents/lb on the New York Stock Exchange. However, adjustments are not ruled out, as are ...
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