News

Sugar market begins this Monday's session with slight increases on the New York Stock Exchange in the US

Sugar
Brazil
Published Feb 26, 2024

Tridge summary

Sugar futures prices experienced a slight rise on the New York and London Stock Exchanges on Monday due to concerns over potential reduced sugar production in Brazil's Center-South region for the 2024/25 season. This is due to anticipated lower rainfall in the region. Sucden estimates that the sugar production will total 40.8 million tons, marking a decrease of 1.8 million tons from the previous year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Sugar futures prices began this Monday's session (26) with slight increases on the New York Stock Exchange (ICE Futures US) and the London Stock Exchange. In New York, negotiations registered gains of 0.15 to 0.12 points At around 8:14 am (Brasília time), the March/24 raw sugar contract was traded at 22.77 cents/lb and increased by 0.15%. The May/24 contract showed a gain of 0.13% and was being traded at 21.95 cents/lb, while the July/24 contract is priced at 21.75 cents/lb and is appreciating 0.12%. At the London terminal, futures contracts also operated in a positive field. The March/24 maturity of white sugar registered an increase of 4.70%, to US$ 616.80 per ton. The May/24 contract registered an appreciation of 5.30% and was traded at US$604.30 per ton. According to information from Reuters International, dealers said there was concern that reduced rainfall in the important Center-South region of Brazil would lead to a decline in production in the next 2024/25 season. "The ...
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