Sugar reacts in the external market and returns to a relevant level

The sugar and ethanol market presented significant movements throughout the week, reflecting price adjustments, exchange rate factors, and supply conditions in Brazil and abroad. According to an analysis by StoneX, international sugar contracts returned to operating above important levels, while the domestic fuel market continues to be pressured by supply restrictions and tax changes. On the New York Stock Exchange, the sugar contract expiring in March 2026 tested multiple times the level above US¢ 15 per pound and managed to sustain this level in the most recent trading session, closing at US¢ 15.10/lb. The movement represented a weekly increase of 30 points, equivalent to 2%. The recovery of prices had already been expected given the limitation of global exports until January, a period marked by the intercrop season in Brazil's Center-South and the still gradual beginning of the harvest in Thailand. At the same time, the appreciation of the dollar, which returned to exceed R$ ...