Market Overview
Despite signs of weakening demand, the average prices of white crystal sugar in the spot market in São Paulo state remain stable. Researchers from the Center for Advanced Studies in Applied Economics (Cepea) attribute the continued upward price movement to supply constraints at the end of the 2023/24 season, particularly for the highest quality types, up to ICUMSA180.
Price Trends
On Monday (25th), the Cepea/Esalq index for white crystal sugar in São Paulo indicated a value of 145.60 R$ or 27 € for a 50 kg bag, including ICMS (7%). The change from the previous month to date is 0.25%.
Analysis
Market analysts are closely monitoring the dynamics of supply and demand in the sugar market, particularly in São Paulo, where prices are holding firm despite some indications of reduced demand. The sustained price movement reflects the impact of supply constraints at the end of the season.
Outlook
As the season progresses, stakeholders will continue to assess market conditions and adjust their strategies accordingly. Factors such as weather conditions, global demand trends, and government policies will play a crucial role in shaping the future trajectory of sugar prices.
Stay updated with the latest developments in the sugar market in São Paulo and beyond for insights into emerging trends and potential opportunities.
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