Mills are lowering prices for better quality crystal sugar, even though availability is still restricted Thinkstock
The prices of white crystal sugar traded on the São Paulo spot market began the second official month of the 2024/25 harvest in decline, reports the Center for Advanced Studies in Applied Economics (Cepea) at Esalq/USP.
The Cepea/Esalq indicator opened this week at R$142.70 per 50-kilo bag, accumulating a drop of 0.6% in the first six days of May.
According to Cepea researchers, with almost all São Paulo mills in operation, it is observed that the largest supply for immediate delivery negotiations is lower quality sugar.
This product is being sold on the spot with an average discount of R$15.00 per bag in relation to the indicator.
This scenario influences mills to lower prices for better quality crystal sugar, even with availability still restricted. Furthermore, Cepea surveys indicate that demand is not showing an increase. Buyers, in general, await an increase in production and, consequently, a greater supply.
Last
Next
Ethanol prices start 2024/25 harvest with strong increases
