Цены на сахар продолжают падать из-за увеличения производства в Бразилии: мировой сахар №11 и белый сахар №5 закрылись в минусе.

In the New York market, prices for sugar No. 11 fell by 0.42 cents to $17.97 per pound, while in London, the price of white sugar No. 5 decreased by 7.70 cents to $515.40 per tonne.

The reason for this was increased supply and a production increase of 8% in Brazil.

15 August 2024

On Wednesday, during the October trading session in New York, the world sugar No. 11 (SBV24) ended with a decrease of -0.42 (17.97; -2.28%), while in London, the white sugar No. 5 (SWV24) concluded with a decrease of -7.70 (515.40; -1.47%), as reported by Barchart.

Prices for sugar on that day closed below 18 cents per pound. Over the past month, sugar prices have been under pressure from rising global supplies. On Tuesday, Unica announced that sugar production in the Central-South region of Brazil in the marketing year ending in July increased by 8% compared to the previous year, reaching 20.753 million tonnes.

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Цены на сахар продолжают падать из-за увеличения производства в Бразилии: мировой сахар №11 и белый сахар №5 закрылись в минусе.

In the New York market, prices for sugar No. 11 fell by 0.42 cents to $17.97 per pound, while in London, the price of white sugar No. 5 decreased by 7.70 cents to $515.40 per tonne. The reason for this was increased supply and a production increase of 8% in Brazil.

"The pandemic is pushing the world towards sustainable fuels: interest in bioethanol and renewable energy is growing."

In the New York market, prices for sugar No. 11 fell by 0.42 cents to $17.97 per pound, while in London, the price of white sugar No. 5 decreased by 7.70 cents to $515.40 per tonne.

The reason for this was increased supply and a production increase of 8% in Brazil.