Brazil: Sugar suffers a slight decrease due to the influence of oil and gasoline prices

Sugar futures contracts closed with a moderate fall, this Tuesday (6), on international exchanges. Among the factors for the variation are the drop in oil prices and Petrobras cutting gasoline prices, in addition to the drop in energy prices that reduced the incentive for Brazilian mills to produce ethanol, leading to greater sugar production. New York All raw sugar contracts closed lower on ICE Futures New York. For the March/23 contract, the drop was 16 points, trading at 19.39 cents per pound. The May/23 contract, on the other hand, had a negative variation of 15 points with trading at 18.28 cts/lb. London White sugar contracts remain mixed on ICE Futures Europe in London. In the March/23 contract, trading was US$ 534.90 a ton, down by US$ 4.20. The May/23 contract registered a smaller negative variation of 2.90 dollars, negotiated at US$ 522.60 a ton. domestic market According to data from USP's Cepea/Esalq Indicator, crystal sugar prices rose slightly by 0.44% ...