In US and UK, sugar starts the week with losses on the New York and London stock exchanges
Sugar
United Kingdom
United States
Published Mar 20, 2023
Tridge summary
Sugar futures prices operated with a moderate to significant drop this Monday morning (20) on the New York and London stock exchanges. The market feels financial pressure, mainly oil, in addition to monitoring the Brazilian harvest.
At 8:37 am (Brasília time), the most traded month of raw sugar on the New York Stock Exchange fell 0.92%, to 20.48 cents/lb. While in London, the first contract had a devaluation of 0.68% on the day, at US$ 581.10 a ton.
In financial terms, there is market attention to the drop of more than 1% in oil prices, still amid concerns about the global banking system. In fundamentals, the new crop from the Center-South of Brazil and from Asian origins are also on the operators' radar.
See how the market closed in the last session:
» Sugar tests recovery, but ends up closing 6th with losses on the NY and London stock exchanges
» Click and see the complete quotations of sugar energy
Original content
Sugar futures prices operated with a moderate to significant drop this Monday morning (20) on the New York and London stock exchanges. The market feels financial pressure, mainly oil, in addition to monitoring the Brazilian harvest. At 8:37 am (Brasília time), the most traded month of raw sugar on the New York Stock Exchange fell 0.92%, to 20.48 cents/lb. While in London, the first contract had a devaluation of 0.68% on the day, at US$ 581.10 a ton. In financial terms, there is market attention to the drop of more than 1% in oil prices, still amid concerns about the global banking system. In fundamentals, the new crop from the Center-South of Brazil and from Asian origins ...
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