With the prospect of an increase in Brazilian production, sugar prices end Wednesday with a devaluation on New York in the US and London Stock Exchange in UK

게시됨 2023년 3월 8일

Tridge 요약

Sugar futures contracts saw minor declines on the New York and London Stock Exchanges on March 8, 2023. The May/23 raw sugar contract fell by 0.14% and the August/23 contract decreased by 0.13%. This is due to the expectation of stronger sugar production in Brazil, as projecting to rise 13.1% y/y to 38.3 million tons in 2023/24, and the weakness in oil prices which may lead mills to invest more in sugar production. In São Paulo, sugar prices remained stable in the Cepea survey last Tuesday, with crystal sugar, Cristal Empacotado sugar, and amorphous refined sugar all showing stability in their prices.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Sugar futures contracts ended this Wednesday's session (08) with slight declines on the New York and London Stock Exchanges. The May/23 raw sugar contract ended with a devaluation of 0.14%, trading at 20.88 cents/lbp. The August/23 contract fell by 0.13% and closed at R$20.31, while the October/23 contract ended at 20.06, with a gain of 0.48%. On the London Stock Exchange, the futures price of the May/23 contract for the white type ended the day with a loss of 2.20% and quoted at US$ 586.00 a ton. The August/23 maturity recorded a decrease of 2.00% and was negotiated at US$ 557.90 a ton. Also according to information from Barchart, sugar prices closed on Wednesday moderately lower with the prospect of stronger sugar production in Brazil. “Datagro projects that 2023/24 sugar production in the Center-South of Brazil will rise 13.1% y/y to 38.3 million tons. In addition, weakness in oil prices weighed on sugar after falling more than 1% today,” he said. Also according to information ...

출처: NoticiasAgricolas