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Writer's pictureEmily A. Vieira

On this Tuesday, sugar prices remain relatively steady

Minor changes were observed in raw sugar future prices at the New York Stock Exchange, where contracts ranged from 23.57 cents/lb to 22.63 cents/lb. Around 9:15 am (Brasília time), March/24 saw a 0.01 point increase, trading at 23.57 cents/lb. May/24 had a 0.03 point increase at 22.87 cents/lb, July/24 rose by 0.02 points to 22.62 cents/lb, and October/24 gained 0.01 point, reaching 22.63 cents/lb.


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Simultaneously, on the London Stock Exchange around 9:15 am, white sugar prices experienced an increase of 2.30 points in pack/24, now valued at US$661.30/ton. May/24 recorded a 1.20 point increase, quoted at US$646.70/ton, while August was priced at US$632.40/ton, up by 0.40 points. October/24 was traded at US$624.10/ton, showing a slight gain of 0.90 points.


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Analysts from Green Pool drew attention to the notable influence of Central-South Brazilian weather conditions on sugar supply for 24/25. Specifically, they emphasized concerns about the potential impact of a La Niña event leading to an extended drought.


Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. For a comprehensive understanding, it is recommended that readers refer to the original article.


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