News

Brazil: Sugar tests high on the US and UK stock exchanges but ends low with financial

Sugar
Brazil
United States
United Kingdom
Published May 31, 2023

Tridge summary

Sugar futures prices ended this Tuesday's session (30), resuming after a holiday the day before, with a slight drop in the New York and London stock exchanges, after appreciation for most of the day with attention on supply. The market was impacted by the financial.

Original content

Oil fell more than 4% this afternoon amid concerns over whether the US Congress will pass the US debt ceiling pact. The most traded month of raw sugar on the New York Stock Exchange fell 0.16% on the day, trading at 25.33 cents/lb, with a high of 25.83 cents/lb and a low of 25.19 cents/lb. In London, the first contract had a devaluation of 0.24% on the day, quoted at US$ 706.80 a tonne. After appreciation for most of the day, still following fears about global supply, mainly due to Asian origins, the sugar market ended this Tuesday's session with slight losses on foreign exchanges with financial pressure on prices. The oil market fell more than 4% this afternoon on international stock exchanges with concerns about the US debt ceiling. There are also market expectations regarding the Organization of Petroleum Exporting Countries and allies (OPEC+) meeting this weekend. Oil oscillations impact fuel prices and, consequently, the decision of the plants on the mix, based on the most ...
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