BRAZIL: Demand for sugar is slow despite estimates of shorter season
Published: 08/01/2018, 7:44:22 AM
The demand for sugar in Sao Paulo's market doesn't show signs of recovery despite estimates of a shorter sugarcane crushing season this year, according to data by the Centre for Advanced Studies on Applied economics (CEPEA), reports Anna Flavia Rochas for Sugaronline.
Prices of crystal sugar varied slightly last week, with larger purchases occurring in the beginning and at the end of the week. In the middle of the week, when negotiations decreased, prices were stable.
Sao Paulo mills have been flexible about lowering prices when demand increases, looking to sell larger quantities of the sweetener, CEPEA said in a note posted on its website.
CEPEA/ESALQ index for crystal sugar (Icumsa color, 130-180) fell 1.19%, to BRL59.79 per bag of 50 kilos in the week of July 23-30.