Raw sugar futures hit a new low since 2021

GoldenOctober2024

2025-05-02 13:44:40

On May 2, Jin10 reported that the combination of improved supply prospects and weak demand has pressured the market, causing raw sugar futures to head towards a weekly decline after hitting a four-year low. The most active contract on the New York market once fell by 1.1% to 16.97 cents per pound, the lowest level since mid-July 2021. This week, sugar futures prices have already dropped by about 6%, following Brazil’s announcement of a strong start to its crushing season, leading to market expectations of oversupply.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments