US: White sugar prices rise on fears over supply in the European Union
Sugar
United States
Published Oct 12, 2022
Tridge summary
White sugar futures contracts traded on the ICE advanced on Monday, 10, in the face of uncertainties in European Union production, while raw sugar ended up falling. White sugar due in December closed up $2.60, or 0.5%, to $555.40 a ton. Dealers noted that strong white sugar prices in the European Union were helping to support the market.
Original content
“EU sugar beet crop forecasts are slowly being reduced, resulting in high domestic prices causing consternation to food manufacturers,” Green Pool analysis said in a weekly update. Meanwhile, the raw sugar contract due in March fell 0.07 cents, or 0.4%, to 18.61 cents a lb. Dry weather is back in most of Brazil's ...
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.