Sugar prices fall again after session of significant gains in NY and London

Sugar prices are experiencing a downturn on the New York and London stock exchanges, continuing a three-month trend of decline despite an announcement by UNICA about reduced production and processing in south-central Brazil. The decline is attributed to increased production expectations in Asia and Brazil, leading to a improved sugar supply outlook. The March/25 NY contract trade at 18.22 cents/lbp, with a decrease of 0.19 cents (-1.03%). Similarly, the May/25 contract also fell by 0.14 cents (-0.81%), quoted at 17.08 cents/lbp. In London, the March/25 contract opened at US$ 481.50 per ton, with a reduction of US$ 3.50 (-0.72%).

After a session of highs driven by the drop in dollar prices on the international market, sugar prices are again falling this Friday morning (17) on the New York and London stock exchanges. Thus, the sweetener extends the negative variation recorded during this week. According to Barchart, sugar prices have shown a downward trend in the last three months in an improved sugar supply outlook. According to Jack Scovile, the declines are due to subsequent sales and ideas of increasing Brazilian and Asian production. “The movement occurred despite UNICA's news about the reduction in production and processing in the last reporting period in south-central Brazil. South-central Brazil, India and Thailand have improved their production potential,” he says. At around 9 am (Brasília time), the March/25 NY contract was trading at 18.22 cents/lbp, with a decline of 0.19 cents (-1.03%). May/25 was down 0.14 cents (-0.81%), quoted at 17.08 cents/lbp. July/25 and October/25 also fell 0.14 cents ...