Today, the No.11 market opened at 19.3, up 2 points from the previous day’s settlement. The market experienced a late opening at 12:30h, and within the initial minutes, it had a rapid downward movement due to sellers’ pressure and low liquidity, resulting in prices dropping to 19.15, the day’s lowest point. Subsequently, the market gradually recovered over the next few hours, reaching its peak at 19.52 around 14:50h. Following this peak, the market stabilized within the range of 19.30 – 19.40 with lower than usual volume. In the final minutes, the market saw another increase, reaching the day’s high again, making the Jul’24 to close valued at 19.48, an increase of 0.2 cUSD/lb (+1.04%) against last day close, with the White premium at 142.54 , and the N4/V4 spread at 0.03.
Sugar market No.5 is closed today due to Early May Bank Holiday.
