UK: White sugar closes higher on expectations for crops in Brazil and India
Sugar
United Kingdom
Published Jan 17, 2023
Tridge summary
White sugar futures closed higher on Monday (16) at ICE Europe in London. The March/23 contract, traded at US$ 553.10, fell by US$ 5.80. The May/23 contract, traded at US$534.30, also fell by US$6.10. The other lots closed with a high valuation of 3.50 to 3.10 dollars. The session was driven by optimistic expectations regarding crops in the Center-South region of Brazil and India. There is also the possibility that the plants will boost the production of sugar instead of ethanol in Brazil in the next harvest. New York ICE Futures New York was closed Monday due to Martin Luther King Jr. Day, a US national holiday. Raw sugar negotiations should return to normal on Tuesday (17). Crystal sugar According to USP's Cepea/Esalq Indicator, crystal sugar closed with an appreciation of 0.53% compared to the previous day. The 50 kilo bag was traded for R$ 134.85.
Original content
White sugar futures closed higher on Monday (16) at ICE Europe in London. The March/23 contract, traded at US$ 553.10, fell by US$ 5.80. The May/23 contract, traded at US$534.30, also fell by US$6.10. The other lots closed with a high valuation of 3.50 to 3.10 dollars. The session was driven by optimistic expectations regarding crops in the Center-South region of Brazil and India. There is also the possibility that the plants will boost the production of sugar instead of ethanol in Brazil in the next harvest. New York ICE Futures in New York was closed Monday due to Martin Luther King Jr. Day, a US national holiday. Raw sugar negotiations should return to normal on Tuesday (17). Crystal Sugar According to USP's Cepea/Esalq Indicator, crystal sugar closed with an appreciation of 0.53% compared to ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.