Sugar/Cepea: Prices fall in São Paulo spot

The price of white crystal sugar in the spot market in São Paulo has dropped significantly, according to Cepea surveys. The CEPEA/ESALQ Indicator fell by 4.37% to R$152.80/50 kg bag on January 17, and averaged R$154.98/50 kg bag for the week of January 13 to 17, a 2.71% decrease from the previous period. This drop is attributed to buyers seeking lower prices and the decrease in international demerara prices on the New York Stock Exchange, which have returned to 18 cents per pound. This pressure has resulted in mills reducing the value of their offers, leading to the overall decrease in domestic sugar prices.

Cepea surveys show that the price of white crystal sugar fell sharply in the spot market in the state of São Paulo last week. The CEPEA/ESALQ Indicator, Icumsa color from 130 to 180, closed Friday, the 17th, at R$152.80/50 kg bag, a 4.37% drop compared to the previous Friday. On average for the week (January 13 to 17), the Indicator was R$154.98/50 kg bag, 2.71% lower than the period from January 6 to 10. According to Cepea researchers, buyers' search for lower prices, even during the 2024/25 off-season, especially in large-volume negotiations, combined with the drop in ...