Sugar/Cepea: High availability and withdrawal of buyers keep prices falling

Crystal sugar prices continue to fall on the Brazilian spot market. According to Cepea researchers, a greater volume continues to be offered on the domestic market due to the reduction in exports.

Furthermore, buyers remain withdrawn, waiting for more significant drops in values. From January 23 to 30, 2017, the CEPEA/ESALQ Indicator for crystal sugar, Icumsa color between 130 and 180, fell 1.1%, closing on Monday, 30th, at R$ 85.95/50 kg bag.

 

Source: Cepea

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