Robust Brazil Sugar Output Reflects in Lower Sugar Prices

Friday, 12 July 2024, 18:23

The latest price movement indicates a decline in sugar prices, with both NY and London sugar futures closing lower. This trend follows a bearish sentiment driven by robust sugar output in Brazil, leading to a 2-1/2 week low for NY sugar prices. The ongoing downward trajectory suggests continued pressure on sugar prices in the market.

Barchart — Robust Brazil Sugar Output Reflects in Lower Sugar Prices

Impact of Brazil's Sugar Output

The decline in sugar prices

Price Movement

NY sugar dropped to a 2-1/2 week low
London white sugar also closed lower

This downward trend is attributed to the bearish sentiment following the robust sugar output in Brazil.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Impact of Brazil's Sugar Output

Price Movement

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