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The price of NY world sugar #11 has increased by 0.54 (3.03%), while London ICE white sugar #5 has increased by 13.60 (2.66%). The price increase is due to the damage to sugar cane in São Paulo caused by forest fires. Information provided by Barchart.
25 August 2024
According to the trading results that concluded on Friday, the price of NY world sugar #11 (SBV24) rose by 0.54 (18.39; 3.03%), while the price of London ICE white sugar #5 (SWV24) increased by 13.60 (525.70; 2.66%). The information was provided by Barchart.
The rise in sugar prices persists, based on reports that forest fires, caused by drought, are damaging sugar cane plantations in the largest Brazilian sugar-producing state of Sao Paulo.
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