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Prices for sugar are rising: the closing of the July world sugar No. 11 in New York increased by +0.82%, London white sugar ICE No. 5 grew by +1.15%.
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Sugar

Prices for sugar are rising: the closing of the July world sugar No. 11 in New York increased by +0.82%, London white sugar ICE No. 5 grew by +1.15%.

Prices for sugar in New York and London have risen: world sugar №11 has increased by +0.15 (+0.82%), while London white sugar ICE №5 has risen by +6.20 (+1.15%). The price increase is due to a recovery from weekly lows and a weakening dollar, which led to the closing of short positions on sugar futures.

21 June 2024 21 June 2024

On Friday, the closing of the July world sugar No. 11 in New York (SBN24) was recorded with an increase of +0.15 (18.41; +0.82%), while the August London white sugar ICE No. 5 (SWQ24) showed an increase of +6.20 (545.90; +1.15%), as reported on the Barchart website.

Sugar prices on Friday rebounded from weekly lows and demonstrated moderate growth, as a weaker dollar (DXY00) led to the closure of short positions in sugar futures.

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