Sugar prices fell by 2.2% over the week and ethanol prices remained stable.

The sugar market ended last week on a downtrend, interrupting the recovery sequence observed at the beginning of October. According to StoneX, the March/26 contract closed on Friday (10) at US¢ 16.10/lb, representing a weekly drop of 2.2%. The commodity mostly operated in depreciation, with the exception of Monday, when there was a brief consolidation of the gains recorded at the turn of the month. According to StoneX, the movement reflects adjustments in fund positions and the expectation of an increase in global supply, especially with the advancement of the Asian harvest. Additionally, the appreciation of the dollar against the currencies of exporting countries tends to pressure international prices, while the physical market continues with moderate liquidity. In the hydrated ethanol segment, the price in the São Paulo spot market remained close to R$ 3.31 per liter, showing stability after the decline recorded at the beginning of October. According to StoneX, the value remains ...