Brazil's São Paulo registers high sugar values last week

Published 2023년 2월 24일

Tridge summary

The article highlights a recent trend in Brazil's agricultural market, specifically in the prices of white crystal sugar in São Paulo state. Due to scant supply of high-quality sugar (Icumsa up to 180), the average price of the CEPEA/ESALQ Indicator, for sugar with Icumsa color between 130 and 180, has seen a significant increase of 1.59% from the previous week, reaching R$ 133.28 per 50 kg bag from R$ 131.18. This surge in prices is attributed to the ongoing issue of sugar shortage. However, towards the end of the week, demand for sugar began to ease, resulting in some mills adjusting their selling prices to reflect the changed market dynamics.

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

Original content

Cepea informed that the values of white crystal sugar were on the rise in the last week. The support for prices continues to be justified by the lower availability of better quality sugar (type Icumsa up to 180) in the spot in the state of São Paulo. From the 13th to the 17th of February, the average of the CEPEA/ESALQ Indicator, Icumsa color from 130 to 180, was R$ 133.28/50 kg bag, an increase of 1.59% in relation to the previous week (from R$ $131.18/sc). READ MORE > ...

Source: Jornalcana