Tridge summary
São Paulo is experiencing a surge in white crystal sugar prices, with the CEPEA/ESALQ Indicator hitting R$ 140.0/50 kg bag, due to a decrease in supply from mills attributed to drought and fires. The current price level has not been reached since May/24. The state's sugar production in the second half of August/24 was down by 11.82% year-on-year, producing 2.073 million tons, as reported by the Sugarcane and Bioenergy Industry Union (Unica).
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
White crystal sugar prices continue to rise in the state of São Paulo. Researchers at Cepea indicate that this scenario is due to the reduction in supply by mills, due to drought and fires, and the slight improvement in demand. In view of this, the CEPEA/ESALQ Indicator, Icumsa color from 130 to 180, operates at around R$ 140.0/50 kg bag, a level that has not been seen since the beginning of May/24. In the field, data from the Sugarcane and Bioenergy Industry Union (Unica) ...
Source: NoticiasAgricolas
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