Negatively, however, there is pressure focusing on oil and exchange rates. At around 12:14 pm (Brasília time), the most traded maturity of raw sugar on the New York Stock Exchange had increased by 0.11%, to 26.51 cents/lb. In London, the first contract was down 0.07%, at US$705.50 per ton. After falling in the last session, sugar prices on the stock exchanges tested recovery this Monday morning. However, the gains were reduced throughout the afternoon. Now, they are close to stability at the external terminals. Positively, prices continue to follow fears about supply given the development of a lower-than-expected harvest in Asian origins. In Brazil, however, expectations are extremely positive as the 2023/24 cycle progresses. Financially, the sweetener market is feeling pressure from the drop of more than 1% in oil. Fluctuations in ...
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