Sugar starts the year low in Brazil

Published 2023년 1월 3일

Tridge summary

Sugar prices in Brazil started 2023 low, with a slight decrease of 0.13% to R$ 136.51 per 50-kilogram bag on January 2, according to the Cepea/Esalq Indicator. Despite this, Brazil's sugar exports hit a record of 2.223 million tons in the 22 working days of December, generating revenues of US$ 949.63 million.

On the other hand, hydrated ethanol prices saw an increase of 3.18% in December, reaching BRL 2,961.50 a m³ on January 2. Anhydrous and hydrated ethanol also experienced price hikes in the last week of 2022, with hydrous ethanol increasing by 2.69% and anhydrous ethanol by 1.58%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sugar started 2023 at a low according to the Cepea/Esalq Indicator, from USP. Yesterday (2) the mills sold crystal sugar at R$ 136.51 per 50-kilogram bag, against R$ 136.69 practiced on Thursday (12/29), a devaluation of 0.13% in the comparison between the days . In December, the indicator accumulated a small positive variation of 0.29%. The London and New York stock exchanges (ICE Futures Europe and ICE Futures, respectively) did not operate this Monday (2) due to the New Year holiday. According to the Ministry of Economy's Foreign Trade Secretariat (Secex), Brazil exported 2.223 million tons of sugar in the 22 working days of December, with accumulated revenues of US$ 949.63 million. Also according to the report, in the last week of 2022 alone, more than 280 thousand tons of sugar were shipped. "In the whole of last month, Brazil exported 4.07 million tons of products related to the sector. In the entire month of December 2021 (23 working days), product exports totaled 1.94 ...

Source: Agrolink