BRAZIL: Sugar prices show no clear trend in Sao Paulo state

Published: 06/28/2018, 7:37:03 PM

Crystal sugar prices in Brazil's Sao Paulo market don't show a clear trend which is usually expected by this time in the season, according to data by the Centre for Advanced Studies on Applied Economics, reports Anna Flavia Rochas for Sugaronline.

From June 18-22, CEPEA/ESALQ index for crystal sugar (Icumsa, 130-180) averaged BRL57.94 per bag of 50 kilos, down 0.06% from the previous week.

Between June 18-25, the index increased 0.75%, to BRL58.94/bag (US$15.58) on Monday.

Some mills in São Paulo lowered the values of their offers in the market for negotiations involving larger volumes in the middle of last week, but by the end of the period mills prices were raised again, according to analysts at CEPEA in a note published on the centre's website earlier this week. 

In the month of June, CEPEA/ESALQ index for crystal sugar was up 5.49%, closing at BRL58.79 (US$15.26) per bag of 50 kg on Wednesday.