Prices for sugar are rising: forecasts of reduced rainfall in Brazil are pushing prices up on global exchanges.

At the March trading platform in New York, the price of sugar SBH25 increased by 0.14 (22.22; +0.63%). On the ICE London exchange, the price of sugar SWZ24 increased by 5.70 (576.90; +1.01%) due to the expected reduction in rains in the Central-South region of Brazil. Showers are predicted to be in lesser volume.

5 November 2024

Midweek on the March trading floor in New York, the price of world sugar SBH25 rose by +0.14 (22.22; +0.63%). Meanwhile, on the ICE exchange in London, the price of December white sugar SWZ24 increased by +5.70 (576.90; +1.01%), as reported by the well-known resource Barchart.

During the middle of the week, sugar prices showed a moderate growth due to the expected reduction in short-term rains in the Central-Southern region of Brazil, the country's main sugar producer. Climatempo, a company specializing in meteorological forecasts, now predicts isolated showers in the Central-Southern region of Brazil this week, in smaller amounts compared to previous forecasts of heavy rainfall.

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