Prices for sugar have dropped sharply due to expected rains in Brazil: world stock exchange news.

Prices for sugar in New York and London fell in the middle of the week due to forecasts of rain in Brazil, which reduced concerns about drought. It is expected that showers will last for a week in the main sugar-producing regions of the country.

10 October 2024

Midweek on the international sugar market No. 11 (SBH25) in New York, prices closed at a negative level of -0.45 (-2.00%), while on the global market ICE white sugar No. 5 (SWZ24) in London, prices closed at a negative level of -11.20 (-1.95%), according to a source.

Prices of sugar dropped to a 2.5-week low midweek as expected rains in Brazil eased concerns about drought. Forecasters at Maxar Technologies company said that showers will continue over this week in the Central and Southern regions of Brazil, which are the main sugar-producing regions in the country.

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Prices for sugar have dropped sharply due to expected rains in Brazil: world stock exchange news.

Prices for sugar in New York and London fell in the middle of the week due to forecasts of rain in Brazil, which reduced concerns about drought. It is expected that showers will last for a week in the main sugar-producing regions of the country.

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