News

Brazil: White crystal sugar indicator reacts in the São Paulo spot market

Sugar
Brazil
Published Feb 14, 2023

Tridge summary

The average prices of white crystal sugar practiced on the spot market in the state of São Paulo rose again over the past week. As monitored by the Center for Advanced Studies in Applied Economics (Cepea), at Esalq-USP, values ​​have been moving downwards since the beginning of this year. The Cepea researchers indicate that support came from the restricted offer of Icumsa up to 180 and from slightly more heated demand. Another factor that influenced the increase in the price of a bag of crystal was the appreciation of the dollar against the real. "The US currency on the rise stimulates exports of the sweetener to the detriment of sales in the domestic market", they point out.

Original content

Os preços médios do açúcar cristal branco praticados no mercado à vista do estado de São Paulo voltaram a subir ao longo da semana passada. Conforme acompanhamento do Centro de Estudos Avançados em Economia Aplicada (Cepea), da Esalq-USP, os valores estavam em movimento de baixa desde o início deste ano. Os pesquisadores do Cepea indicam que a sustentação veio da oferta restrita do Icumsa até 180 e da demanda um pouco mais aquecida. Outro fator que influenciou o aumento no preço da saca do ...
Source: Novacana
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