Sugar: advantage of domestic prices grows over exports in Brazil
Oct, 29, 2024 Posted by Gabriel MalheirosWeek 202441
Average prices of white crystal sugar continue to rise in São Paulo’s spot market. According to calculations from Cepea, the value of crystal sugar traded in São Paulo now offers a greater advantage over export-equivalent prices.
The chart below allows readers to compare Brazilian sugar long-haul exports registered at maritime ports in the first eight months of the last four years. The data was extracted from the DataLiner intelligence service, a Datamar product.
Sugar Exports | Jan-Aug 2021 vs Jan-Aug 2024 | TEUs
Source: DataLiner (click here to request a demo)
From October 21 to 25, the weekly average for the Cepea/Esalq Crystal Sugar Indicator was R$ 157.24 per 50kg bag, while ICE Futures contract No. 11 (March 2025 delivery) averaged R$ 150.89 per bag.
Thus, São Paulo’s spot market provided 4.21% higher returns than exports. This calculation factors in $60.32 per tonne for FOB costs, a $66.94 per tonne quality premium, and an exchange rate of R$ 5.6958 to the dollar. Researchers note that rising domestic prices have been fueled by the limited availability of crystal sugar for prompt delivery.
-
Economy
Jul, 01, 2025
0
New DataLiner Data: Brazil’s Foreign Trade in 2025 – Exports Stagnate While Imports Rise Amid Currency and Industrial Impacts
-
Ports and Terminals
May, 26, 2026
0
USD 123.5 Million in Credit Approved to Advance Energy Transition at the Pecém Complex
-
Ports and Terminals
Apr, 12, 2021
0
Two new records set in March at the ports of Paraná
-
DW 2019 EN
May, 13, 2019
0
DatamarWeek 14 May 2019