Minor changes were observed in raw sugar future prices at the New York Stock Exchange, where contracts ranged from 23.57 cents/lb to 22.63 cents/lb. Around 9:15 am (Brasília time), March/24 saw a 0.01 point increase, trading at 23.57 cents/lb. May/24 had a 0.03 point increase at 22.87 cents/lb, July/24 rose by 0.02 points to 22.62 cents/lb, and October/24 gained 0.01 point, reaching 22.63 cents/lb.
Simultaneously, on the London Stock Exchange around 9:15 am, white sugar prices experienced an increase of 2.30 points in pack/24, now valued at US$661.30/ton. May/24 recorded a 1.20 point increase, quoted at US$646.70/ton, while August was priced at US$632.40/ton, up by 0.40 points. October/24 was traded at US$624.10/ton, showing a slight gain of 0.90 points.
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Analysts from Green Pool drew attention to the notable influence of Central-South Brazilian weather conditions on sugar supply for 24/25. Specifically, they emphasized concerns about the potential impact of a La Niña event leading to an extended drought.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. For a comprehensive understanding, it is recommended that readers refer to the original article.
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