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Sugar futures contracts began the week with a decline on international exchanges, with investors awaiting the harvest report for the second half of October, which will be released by the Sugarcane and Bioenergy Industry Association (Unica) on Tuesday morning. According to an estimate by S&P Global Commodity Insights, the commodity's production could fall by 28.3% in the period due to the heavy rains that hit the Center-South region of Brazil, which accounts for more than 90% of national sugar production. On ICE Futures in New York, raw sugar due in March 2025 was traded at 21.36 cents per pound on Monday (11), a reduction of 2.1%, or 46 points, compared to the previous session. The contract for May 2025 fell 44 points, quoted at 19.95 cents per pound. Other maturities fell between 21 and 42 points. At ICE Futures Europe, in London, white sugar also closed the day down across all contracts.

Sugar futures prices on the New York Stock Exchange fell by more than 2% among the most traded contracts. In London, the day was also down for white sugar, but the losses were more moderate and were around 1%. According to information from Barchart, the losses were caused by the weakness of crude oil and the depreciation of the real against the dollar. “The dollar index rose to a 4-1/4-month high, which is reducing most commodity prices, including sugar. In addition, WTI crude oil fell more than 3% to a 1-1/2-week low, which is reducing ethanol prices and may lead sugar mills around the world to divert more cane crushing to sugar production instead of ethanol, thus increasing sugar supplies,” detailed the international website. At the close of this Monday, the March/25 contract in New York fell by 0.46 cents (-2.11%), trading at 21.36 cents/lbp. May/25 fell by 0.44 cents (-2.16%), closing at 19.95 cents/lbp. July/25 fell by 0.42 cents (-2.14%), closing the day at 19.20 cents/lbp, ...

Due to a stronger dollar this Friday (08) and rain in central Brazil, sugar prices fell by more than 1% among the most traded contracts on the New York and London stock exchanges. With this drop, prices fell in comparison to the previous week.