Prices for sugar have dropped to a two-week low due to the prospect of a record harvest in India.

Prices for sugar decreased on Monday due to the optimistic outlook on a record harvest in India because of higher levels of monsoon rains. The India Meteorological Department reported 792.5 mm of precipitation by September 5, which is 8% above the long-term average.

10 September 2024

На закрытие понедельника, октябрьский NY World Sugar #11 ( SBV24 ) испытал снижение на -0,08 (18,83; -0,42%), а октябрьский London ICE White Sugar #5 ( SWV24 ) закончил торги с падением на -6,70 (517,20; -1,26%), согласно информации от Barchart.

Цены на сахар в понедельник упали до своих самых низких значений за две недели, завершив торги ниже, вследствие радостной перспективы на рекордный урожай сахара в Индии, связанной с повышенным уровнем муссонных дождей. В прошлый четверг, индийское государственное Метеорологическое управление сообщило, что в период текущего муссонного сезона в Индии, на 5 сентября, выпало 792,5 мм осадков, на 8% больше долгосрочной средней статистики, составляющей 734,8 мм. Муссонный сезон в Индии продолжается с июня по сентябрь.

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Prices for sugar have dropped to a two-week low due to the prospect of a record harvest in India.

Prices for sugar decreased on Monday due to the optimistic outlook on a record harvest in India because of higher levels of monsoon rains. The India Meteorological Department reported 792.5 mm of precipitation by September 5, which is 8% above the long-term average.

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