Sugar Has a Low Day, but Concern About Rain Could Still Support Prices
Tuesday (25) was marked by devaluation for the main sugar contracts in the London and New York terminals. The sweetener market had a day of price adjustments after starting the week with significant price appreciation.
In London, the white type fell by 1.47%, worth US$561.70 per ton, while the raw type fell by 1.47%, worth 19.10 cents/lbp.
Data from India, as well as weather conditions in Brazil, continue to be on the market's radar and maintain marked volatility for prices.
"Sugar prices on Tuesday gave up most of Monday's advance due to the stronger dollar. The increase in sugar production in Brazil is also negative for prices", highlighted the analysis by the international website Barchart.
In the domestic market, the price of sugar had slight drops on the last day of trading, the CEPEA/ESALQ Indicator, Icumsa color from 130 to 180, the São Paulo market was traded at 136.87 - a drop of 0.78%.
In the North and Northeast regions, sugar was priced at R$ 170.14 - without variations, according to data from Datagro. VHP sugar, in Santos (SP), had an FOB price of US$ 20.48 on the last day of calculation negotiations - an increase of 2.29%.
White crystal sugar prices remained practically stable last week on the spot market in the state of São Paulo. According to Cepea researchers, plants remained firm in the values offered, especially when negotiations involved the best quality types of crystal, Icumsa up to 180. On the demand side, Cepea research shows that buyers sought small volumes, for immediate needs, waiting drop in prices with the advancement of the 2024/25 harvest.
Source:
Noticiasagricolas
Investing
In London, the white type fell by 1.47%, worth US$561.70 per ton, while the raw type fell by 1.47%, worth 19.10 cents/lbp.
Data from India, as well as weather conditions in Brazil, continue to be on the market's radar and maintain marked volatility for prices.
"Sugar prices on Tuesday gave up most of Monday's advance due to the stronger dollar. The increase in sugar production in Brazil is also negative for prices", highlighted the analysis by the international website Barchart.
In the domestic market, the price of sugar had slight drops on the last day of trading, the CEPEA/ESALQ Indicator, Icumsa color from 130 to 180, the São Paulo market was traded at 136.87 - a drop of 0.78%.
In the North and Northeast regions, sugar was priced at R$ 170.14 - without variations, according to data from Datagro. VHP sugar, in Santos (SP), had an FOB price of US$ 20.48 on the last day of calculation negotiations - an increase of 2.29%.
White crystal sugar prices remained practically stable last week on the spot market in the state of São Paulo. According to Cepea researchers, plants remained firm in the values offered, especially when negotiations involved the best quality types of crystal, Icumsa up to 180. On the demand side, Cepea research shows that buyers sought small volumes, for immediate needs, waiting drop in prices with the advancement of the 2024/25 harvest.
Source:
Noticiasagricolas
Investing
