The price of crystal sugar registers another retreat in the physical market of São Paulo, according to information that was released by TF Agroeconomia. “The price of a 50 kg bag of crystal sugar recorded yet another decrease of -0.74% in the São Paulo physical market. As a result, its value, which was R$ 132.93/sc, ended the day valued at R$ 131.90/sc”, he comments. “In addition to today's retreat, the quotation accumulates a drop of 1.80%, this bearish behavior may be associated with reduced demand, due to the Carnival holiday. Even with these setbacks, prices are still stable, as they may be sustained by the lower demand that is common in this off-season”, he adds. In the futures market, sugar prices rise due to India not increasing exports. “NY May World Sugar #11 (SBK23) closed up +0.03 (+0.15%) on Friday, and London May White Sugar #5 (SWK23) closed up +0. +0.40 (+0.07%)”, it indicates. “Sugar prices posted modest gains. Prices found support today after India said it would ...
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