The rise in sugar prices on the global markets due to climate risks is causing concern among traders.

The world sugar No. 11 in New York rose by +1.43%, closing at 19.13, while London white sugar ICE No. 5 increased by +0.81%, reaching 560.30.

Sugar prices continue to rise due to unstable weather conditions in Brazil, India, and Vietnam.

23 November 2024

International sugar markets continue to be active, and this Wednesday the July world sugar No. 11 in New York (SBN24) closed higher at +0.27 (19.13; +1.43%). The August London White Sugar ICE No. 5 (SWQ24) also showed positive dynamics, rising by +4.50 (560.30; +0.81%). Data provided by the analytical tool Barchart.

The sugar market has been experiencing a price increase throughout the current week, reaching new three-week highs. The risk premium associated with unstable weather conditions worldwide is increasing, including in key sugar-producing countries such as Brazil, India, and Vietnam.

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The rise in sugar prices on the global markets due to climate risks is causing concern among traders.

The world sugar No. 11 in New York rose by +1.43%, closing at 19.13, while London white sugar ICE No. 5 increased by +0.81%, reaching 560.30.

Sugar prices continue to rise due to unstable weather conditions in Brazil, India, and Vietnam.

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The rise in sugar prices on the global markets due to climate risks is causing concern among traders.

The world sugar No. 11 in New York rose by +1.43%, closing at 19.13, while London white sugar ICE No. 5 increased by +0.81%, reaching 560.30. Sugar prices continue to rise due to unstable weather conditions in Brazil, India, and Vietnam.

Export of ginseng from Primorsky Krai

Chuvashia is increasing poultry meat exports to China: the national project brings success.

According to the analysis of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), prices for grain and oilseeds are rising in Russia, with sunflower leading the trend.

Deputy Minister Ksenia Shevelkina announced that federal funding for agriculture will reach 15 billion rubles by 2025.

Excessive levels of chloramphenicol and manganese have been detected in the soil: Rosselkhoznadzor is investigating the contamination.

"Vologda region expands its exports: chocolate to Vietnam, sturgeon caviar to the Maldives."

The increase in the export duty on wheat from the Russian Federation to 3020.3 rubles will bring changes to the grain market until December 3.

Tariffs for grain transportation are stable, pending new navigation closures and changes in duties.

The world sugar No. 11 in New York rose by +1.43%, closing at 19.13, while London white sugar ICE No. 5 increased by +0.81%, reaching 560.30.

Sugar prices continue to rise due to unstable weather conditions in Brazil, India, and Vietnam.