Low supply and exports sustain crystal sugar prices hike

White crystal sugar prices in the spot market of São Paulo state continue to climb steadily. Researchers at Cepea attribute this upward trend to a decrease in domestic sugar availability caused by lower sugarcane productivity in São Paulo due to drought and high temperatures, coupled with robust exports throughout the year.

The chart below briefly overviews Brazil’s sugar exports measured in tonnes between January 2021 and July 2024. The information was derived from DataLiner.

Brazilian Sugar Exports | Jan 2021 – Jul 2024 | WTMT

Source: DataLiner (click here to request a demo)

On Friday, September 20th, the Cepea/Esalq Indicator for ICUMSA 130-180 closed at R$143.54 per 50 kg bag, a level not seen since early May. Between September 16th and 20th, the average of the Indicator was R$141.84 per 50 kg bag, representing a 1.53% increase compared to the previous period.

Source: Notícias Agrícolas

Click here to read the original text: https://www.noticiasagricolas.com.br/noticias/sucroenergetico/385394-acucar-cepea-baixa-oferta-e-exportacao-mantem-cristal-em-alta.html

Sharing is caring!