Home RECENTES Index hits the highest nominal level in the last four seasons

Index hits the highest nominal level in the last four seasons

Redaçãoout 02, 2020RECENTES0

Cepea, October 2, 2020 – Crystal sugar prices ended September at around 88 BRL per 50-kilo bag in the spot market of São Paulo State (SP), despite the higher production. This nominal level had not been observed since mid-January 2017, offseason (2016/17 season).

The depreciation of Real against the dollar since the beginning of the current crop has been favoring Brazilian sugar exports, reducing supply in the spot market of SP
Fonte: CEPEA

Anterior:Prices drop most of the month, but end September on the rise in BR; Index hits a new record Próxima:Harvesting presses down quotes in PR, which are lower than in RS