The sugar market begins this Wednesday's session with moderate gains on the NY Stock Exchange, United States
Sugar
United Kingdom
United States
Published Jun 7, 2023
Tridge summary
This Wednesday morning (07), sugar futures contracts began the session with slight appreciation on the New York and London stock exchanges. At around 8:02 am (Brasília time), raw sugar was up 0.23% in the main Jul/23 contract on the New York Stock Exchange (ICE Futures US), at 24.81 cents/lb.
Original content
The October/23 contract operated with a slight gain of 0.22% and was being traded at 24.51 cents/lb, while the March/24 contract had advanced by 0.17% and was priced at 24.29 cents/lb. At the London terminal, the August/23 maturity of white sugar registered a gain of 3.50%, at US$ 674.40 a ton. The October/23 contract recorded a gain of 2.50% and traded at US$ 668.30 a ton. According to information from Reuters International, dealers reported that the market remains on the defensive, with funds reducing long positions due to the generally favorable harvest ...
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