Sugar on world markets rises in price

October raw sugar SBc1 rose by 1.2% to 24.39 cents per pound after the deal with Egypt to purchase 150,000 tons from Brazil, which indicated strong physical movements in the market.

2 August 2023

October raw sugar SBc1 rose 0.28 cents, or 1.2%, to 24.39 cents a pound, Nasdaq reported.

Dealers said a deal with Egypt over the weekend to buy 150,000 tons from Brazil led to some buying in the market on Monday and Tuesday as it signaled good physical moves.

In July, Brazil exported 2.98 million tons of sugar, up 3.5% compared to the same period last year.

October white sugar LSUC1 rose $16.40, or 2.4%, to $699.70 per tonne.

Using a special form, you can send us news, which will then be included in the news section of the site and in the digest.

Articles sent 214

Submit your article

Source: Sugar.Ru

All information on the site is for personal use only

Sugar on world markets rises in price

October raw sugar SBc1 rose by 1.2% to 24.39 cents per pound after the deal with Egypt to purchase 150,000 tons from Brazil, which indicated strong physical movements in the market.

"The pandemic is pushing the world towards sustainable fuels: interest in bioethanol and renewable energy is growing."

The sharp increase in sunflower prices due to deteriorating crop forecasts in Russia has caused concern among producers and processors.

The company "Demetra Trading" has acquired the grain elevator complex "Our Union" in the Oryol region to develop their grain business.