Sugar retreats on the US and UK exchanges with the advance of the 23/24 crop in the Center-South of Brazil
Sugar
United States
United Kingdom
Brazil
Published Jun 3, 2023
Original content
Sugar futures contracts ended this Friday's session (02) with a moderate fall on the New York and London stock exchanges. The sweetener market follows the positive perspectives with the 2023/24 crop in the Center-South of Brazil and also less fears with Asia. On the other hand, the positive financial minimized more expressive losses. The most traded month of raw sugar on the New York Stock Exchange fell by 0.60% on the day, trading at 24.73 cents/lb, with a high of 24.88 cents/lb and a low of 24.57 cents/lb. In London, the first contract had a devaluation of 0.58% on the day, quoted at US$ 686.10 a tonne. In the week, the main salary of the sweetener fell about 2%. The 2023/24 crop in the Center-South of Brazil is advancing, after impacts with rains during most of April, which makes the market renew optimism with the supply of the sweetener in this cycle, since the country should be the main global supplier in the face of problems at other sources. "The accelerated production of ...
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