1 / 2

Sugar Operates With Slight Gains On External Exchanges This Wednesday Afternoon

Sugar futures contracts operate slightly higher on the New York and London stock exchanges on 3rd January afternoon. Concerns about supply are concerning the market, in addition to the recent sharp increase in global oil prices.

Piyush26
Download Presentation

Sugar Operates With Slight Gains On External Exchanges This Wednesday Afternoon

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sugar Operates With Slight Gains On External Exchanges This Wednesday Afternoon Sugar futures contracts operate slightly higher on the New York and London stock exchanges on 3rd January afternoon. Concerns about supply are concerning the market, in addition to the recent sharp increase in global oil prices. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commoditiy sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them. Sugar producers and sugar sellers can easily get the best price on the platform if they sell sugar in bulk while buyers can buy sugar in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. Global Sugar Situation The most traded raw sugar maturity on the New York Stock Exchange increased by 0.38% to 20.98 cents/lb at approximately 12:48 pm (Brasília time). The first contract increased by 0.18% to trade at US$605.70 per ton in London. Concerns about supply are driving the market as poor harvests continue to occur in India and Thailand. According to a prominent industry body, the amount of sugar produced by Indian mills between October 1 and December 31 decreased 7.6% Y-o-Y.

  2. One factor preventing the market from expanding further is the high output of the current season in Brazil's Center-South. In spite of the prediction for improved humidity in early January, operators report below-normal rainfall in Brazil's Center-South region at the end of the year. Financially speaking, sugar is supported by a 3% increase in oil prices globally as worries about supply grow in light of the Middle East's conflicts. The plants' mix is directly impacted by changes in crude oil prices. If you are a sugar importer wishing to import sugar in bulk or a sugar exporter willing to export bulk sugar, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro- commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

More Related