The price of sugar on Tuesday was ambiguous: the price of the October contract for sugar No. 11 in New York decreased by 0.12 (-0.47%), while the October contract for white sugar No. 5 in London increased by 15.50 (+2.18%), as reported by the platform Barchart.
The price of sugar in London reached a four-month high. At the same time, the sugar index in New York decreased from a two-and-a-half-month peak and showed moderate losses due to profit-taking after a sharp rise over the past four sessions.
The price of sugar in London increased on Tuesday, compensating for the missed growth in New York, where the London Exchange was closed on Monday.