Trading platform Trading platform
Trading platform

We will connect you with potential partners and help you conclude a profitable deal in the agricultural sector.

Dont miss the opportunity to expand your business and increase your profits.

View applications
Express applications Express applications
Express applications

In the "Express applications" section you can get information about the sale or purchase of agricultural crops. The placement occurs automatically from open sources.

View applications
Fork Work Fork Work
Fork Work

Fork Work brings together experts and professionals in the field of agriculture who are ready to share their knowledge and experience to solve various problems.

More details
Цены на сахар снизились из-за укрепления доллара: анализ фьючерсов на Нью-Йоркской и лондонской биржах.
agricultural products
Sugar

Цены на сахар снизились из-за укрепления доллара: анализ фьючерсов на Нью-Йоркской и лондонской биржах.

Сugar futures have dropped on the world exchanges due to the strengthening of the dollar and news of production growth in Brazil. However, there was a positive note with the announcement of a decrease in production in India.

23 June 2024 23 June 2024

At the closing of trading on Friday, the July futures contract for world sugar No. 11 on the New York Stock Exchange (SBN24) showed a decrease of -0.28 points (-1.43%), while the August futures contract for London white sugar ICE No. 5 (SWQ24) closed with a decline of -6.30 points (-1.09%), according to data from the Barchart portal.

The decrease in sugar prices was caused by the strengthening of the dollar and the pressure they experienced after Datagro announced an increase in the estimate of sugar production in Center-South to 41.6 million tons in 2024, which is 1.15 million tons higher than the initial March estimate.

An optimistic factor was the statement of the Indian Sugar and Bioenergy Association on the reduction of sugar production in India from October to April by 1.6% to 31.4 million tons compared to the previous year. This is due to the fact that more sugar mills have completed processing by this period this year than last year. In April, 516 Indian sugar mills were idle, compared to 460 mills that were idle at the same time last year.

 

Audio news of agriculture
Confirm
By continuing to use our site, you consent to the processing of cookies that ensure the proper operation of the site.
Accept all cookies