Sugar market operates with a moderate increase on the NY, United States and London, United Kingdom stock exchanges this Tuesday
Sugar
United States
United Kingdom
Market & Price Trends
Published Mar 26, 2024
Tridge summary
On Tuesday, sugar futures prices experienced a moderate increase on both the New York and London stock exchanges, building on the gains from the previous day. This rise in prices is attributed to financial market fluctuations and growing concerns over sugar supply. Specifically, raw sugar prices in New York climbed by 1.09% to 22.19 cents/lb, while in London, the prices went up by 1% to $647.60 a ton. Additionally, the American Sugar Coalition is advocating for a significant reduction (44%) in sugar imports from Mexico to the U.S., a move that could potentially drive up prices further and compel the U.S. to seek sugar from alternative sources amidst a global supply shortage.
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 operate with a moderate increase on the New York and London stock exchanges this Tuesday (26). The market extends the previous day's gains at the terminals, still paying attention to financial fluctuations and concerns about the supply of the sweetener. At around 8:34 am (Brasília time), the most traded maturity of raw sugar on the New York Stock Exchange had appreciated by 1.09%, quoted at 22.19 cents/lb. In London, the main maturity rose 1%, trading at US$647.60 a ton. The American Sugar Coalition wants the government to reduce the amount of sugar Mexico can send to the United States by 44%, which could increase prices and would require the U.S. to buy ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.