Tridge summary
The average price of white crystal sugar in Brazil's CEPEA/ESALQ Indicator, for Icumsa color range 130 to 180, decreased by 0.96% in the week of January 9th to 13th, reaching R$ 134.38 per 50 kg bag. This drop is attributed to most buyers having ample supply and expecting delivery of previously contracted sugar. The financial market also saw an increase in liquidity due to specific negotiations involving larger transactions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
White crystal sugar prices fell for another week despite the current 2022/23 off-season. From January 9th to 13th, the average of the CEPEA/ESALQ Indicator, Icumsa color from 130 to 180, was R$ 134.38/50 kg bag, down 0.96% compared to the previous week. According to researchers from Cepea, most buyers are supplied and are also counting on receiving previously contracted sugar. READ MORE > First days of January signal high prices for ...
Source: Jornalcana
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