Brazil: 50 kg bag of crystal sugar varies between R$ 143 and R$ 145

Sugar CEPEA surveys show that the prices of white crystal sugar in the São Paulo spot market have been fluctuating little throughout the second half of January, between R$ 143.00 and R$ 145.00/50 kg bag. Last week, the average of the CEPEA/ESALQ Indicator, Icumsa color from 130 to 180, was R$ 144.26/50 kg bag, a slight drop of 0.17% compared to the previous period. Even with international prices for demerara sugar on the rise, the crystal's stability in the domestic market mainly reflects the demand for ready-to-deliver purchases that is still sluggish. Ethanol Last week, the CEPEA/ESALQ Indicator for hydrated ethanol in São Paulo closed at R$ 2.0359/liter (net of ICMS and PIS/COFINS), a strong increase of 7.08% in relation to the previous period, recording the highest weekly appreciation of the 2023/24 harvest, with prices returning to December/23 levels. For anhydrous, the indicator was R$ 2.1974/liter (net of PIS/COFINS), an increase of 4.31% in the same comparison. According ...