Sensitive to new facts, sugar prices in the future market of New York and London closed yesterday (27) on a high due to the prospects of damage to sugarcane fields in the state of Louisiana, in the United States, hit by Hurricane Laura. The real impacts are still being estimated, but the losses can be huge as the harvest starts there in September.

According to a report by the Reuters Agency, "there have been reports of cane fields damaged by Hurricane Laura in Louisiana, with growing areas" bedding "due to the strength of the winds, which could mean a problem for the harvest scheduled to start in mid-September. Louisiana Department of Agriculture and Louisiana State University AgCenter were evaluating the impacts on parts of the state's 500,000 acres of sugarcane cultivation. ´The hurricane must have affected part of the cane? ´ said one New York based operator ".

The futures contract due in October / 20 in New York closed yesterday at 12.77 cents per pound, up 19 points compared with the previous day. The batch for March / 21 closed valued at 18 points, traded at 13.39 cts / lb. The other contracts rose between 3 and 16 points.

In London, white sugar rose $ 2.50 in October / 20, trading at $ 362.00 a ton. The batch for December / 20 was sold at US $ 3367.50 a ton, US $ 3 more than the previous day. The other screens rose between $ 2.30 and $ 3.50 each.

Domestic market 

In the domestic market, crystal sugar had its eighth high followed by the Cepea / Esalq indicator, from USP. Yesterday the 50 kg bag was traded at R $ 84.33, an increase of 0.23% compared to the previous day.

Daily ethanol 

Hydrated ethanol broke the barrier of R $ 1,900 per m³ yesterday on the Esalq / BM & F Bovespa indicator, Posto Paulínia. The cubic meter of biofuel was sold yesterday at R $ 1,902.50, an increase of 0.42% compared to Wednesday's prices.