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July 31, 2018, 19:17 New York, Oct. 31 (PL) The price of raw sugar, for delivery in October, closed today in New York City with losses of 0.27 cents According to operators, this contract closed this month with a decline of 11%, its largest decline since January.
James Liddiard, He added that the level of price support was the minimum of 10.13 cents per pound in 2015, he adds.
The wave of sales recorded Tuesday in the market was a fundamental factor in the strong withdrawal. According to badysts, the abundant sugar production in the sugar cane crops of Thailand and India has thwarted the forecast of lower production in Brazil, the world's largest producer and exporter of this sweetener.
it was weighted by weakness against the real dollar, which pushes commodity sales which are quoted in dollars.
Meanwhile, on the London refined market or white sugar for delivery in October, today donated $ 2.90, or a 0.9 percent to $ 317.90 per metric ton, its lowest level since April.
agp / rs
