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Raw sugar futures traded on ICE rose on Tuesday, 28, reaching a two-week high, with the sweetener receiving support from rising oil prices. May raw sugar closed up 0.28 cents, or 2%, at 14.11 cents per pound, having reached its highest value since April 9 at 14.16 cents per pound. The contract fell to a five-year low in mid-April. "The lack of progress in peace negotiations between the United States and Iran is supporting oil, which supports sugar with the idea that this will increase sugarcane milling for ethanol at the expense of sugar," said broker ADMIS. The broker also noted that Brazil is considering increasing the ethanol blend requirement in gasoline from 30% to 32%, and that the arrival of El Niño, expected in June, may reduce Asia's sugarcane crops this year. "The India Meteorological Department is already expecting a below-normal ...

Sugar In general, the liquidity of granulated sugar remains low in the spot market of the state of São Paulo, reflecting the more cautious stance of the agents. The Tiradentes holiday, on Tuesday, April 21, may have also helped to reduce the movement last week. On the demand side, buyers remained away from negotiations, with […]

Sugar The combination of weakened demand and the expectation of greater supply with the advancing 2026/27 crop that expands the supply keeps the prices of white crystal sugar falling in the spot market of the state of São Paulo. According to CEPEA, buyers acted more cautiously last week. Part of these agents has an expectation […]