US sugar registers 4th annual gain; coffee drops more than 20% in 2022

Published Dec 30, 2022

Tridge summary

Sugar and coffee futures contracts on the ICE exchange saw a closing for 2022 with raw sugar experiencing a 1.2% decrease but marking its fourth consecutive annual gain of 6.1%, totaling a 55% rise over four years. Similarly, white sugar also fell by 1.3% but managed a 11.5% annual increase, achieving a 54.8% growth since 2019. In contrast, Arabica coffee prices saw a 1.6% drop, marking a 26% year-on-year loss due to concerns over a global economic slowdown and a favorable forecast for Brazil's next crop. Robusta coffee prices also declined by 1.4%, reflecting a 24% decrease for the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Marcelo Teixeira and Nigel Hunt NEW YORK/LONDON (Reuters) - Sugar futures contracts on the ICE exchange closed lower on Friday, the last trading session of 2022, but registered the fourth consecutive annual gain for both the raw product and the white product. Coffee futures also fell on the day, compounding annual losses for the Arabica and Robusta bean markets. SUGAR * Raw sugar was down 25 cents for the day, or 1.2%, to 20.04 cents a pound. * Raw sugar prices ended with an annual gain of 6.1%, supported by the tight supply that should continue until the first quarter of 2023. * Raw sugar futures have surged over the past four years, totaling a 55% increase. * White sugar fell $7.40 for the session, or 1.3%, to $554.40 a tonne. * White sugar prices recorded an annual increase of 11.5%, also the fourth consecutive year of gains, accumulating an increase of 54.8% in the period. * “My take on the main reason for the (sugar) recovery over the last four years in general, other than ...

Source: Istoedinheiro