International sugar prices closed lower on Wednesday (21), with the March contract traded in New York registering the fourth consecutive decline. The market was pressured by investment fund position sales and the prospect of increased supply, given weather conditions in Brazil and changes in ethanol use policy in India.
On the New York Exchange, the raw sugar contract maturing in March 2027 fell 7 points, equivalent to 0.34%, ending the session at 20.45 cents per pound.
In London, the white sugar contract for December fell 340 points, or 0.62%, and closed the day quoted at US$ 543.70 per ton.
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