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26.12.2015

SUGAR PRICES ARE RECOVERING AFTER INCREASE IN EXPORTS

In the season 2015/16, the values of crystal sugar in Sao
Paulo spot market began to react in the last week of August,
when exports returned to pay more than domestic sales,
which was not observed since mid-February, according to
calculations by Cepea. Among the factors that justified the
bigger profitability of exports were the appreciation of the US
dollar against the Brazilian Real and an increase in prices of
raw sugar on the New York Stock Exchange (ICE Futures),
which left the 10 cents per pound for the home of 14 cents
per pound. This scenario was crucial to reverse the trend in
sugar prices, which reach the end of this year record high.
The indicator CEPEA / ESALQ crystal sugar, ICUMSA
between 130 and 180, closed at R $ 81.58 a bag of 50kg on
December 21st, second highest nominal value of the Cepea
series, behind only the previous day.

UNIVERSO AGRO