Indicator of the white crystal falls again

After outlining a certain reaction at the end of November, prices for white crystal sugar began to fall again at the beginning of December in the state of São Paulo. In the partial data for the current month (up to the 5th), the CEPEA/ESALQ Indicator (Icumsa color of 130 to 180) records a decrease of 1%, returning to operate in the range of R$ 107.00 per 50 kg bag. According to researchers at Cepea, this downward movement was observed even in the face of a scenario of greater liquidity. The industry was more active in the spot market in São Paulo, anticipating purchases for the end-of-year holiday period. However, this presence was under a clear strategy of bargaining for lower prices, taking advantage of the relatively abundant supply of the product in the market. On the supply side, both mills and wholesalers have shown ...