Sugar futures saw a significant increase in both New York and London stock exchanges due to higher energy prices, particularly oil, and the completion of the harvest at Center-South mills. The most traded month of raw sugar on the New York Stock Exchange rose 2.68%, quoted at 20.29 cents/lb, while the first contract in London also appreciated by 2.38%, at US$ 554.80 a ton. The oil market also rose by over 3% due to increased demand in 2023 and supply concerns, which has a direct impact on sugar prices and other products linked to the energy sector. Despite a surprise in production in the last half of November, deals say supplies should be ample next year with some short-term tightness.