Cepea, August 20 2019 – Despite the crop period, crystal sugar prices (Icumsa up to 180) remained firm in the spot market of São Paulo State in the first fortnight of August. The average price level returned to 59 Reais per 50-kilo bag, reflecting the unwillingness of agents from refineries to lower asking prices. This scenario may be linked to the 2019/20 sugarcane crop, whose production mix has been prioritizing ethanol rather than sugar – the average prices in the current season (April/19 to July/19) have been higher than in the same period of the previous seasons, in real terms
Fonte: CEPEA
Trading pace is slow and prices continue on the rise in BR
Redaçãoago 19, 2019
Anterior:International prices continue to drop; in Brazil, quotes are bouncing back
Próxima:Average prices in 19/20 are higher than in previous seasons
Redação
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