Brazil: Sugar values continue to rise at the end of the harvest

Average white crystal sugar prices continue to rise in the spot market in the state of São Paulo. At the end of last week, the CEPEA/ESALQ white crystal indicator, Icumsa color from 130 to 180, reached R$ 135.00/50 kg bag, a nominal level that had not been observed since the beginning of May this year . According to Cepea researchers, the upward movement is attributed to the closing period of sugarcane crushing for the 2022/23 harvest. A ...