Sugar prices fell again last week in Sao Paulo. In Santos, the sack of 50 kilos of crystal sugar with up to 150 Icumsa was priced at R $ 63.00 (14.36 cents per pound-weight), low of 3.08%. In Ribeirão Preto, prices reached R $ 65.00 a bag (14.82 cents), a decrease of 1.52%. Supply growth with a faster cane harvest continues to push domestic sugar prices. Contributing to the negative moment is a weakening of export demand, a factor that potentially increases domestic supply. Hydrous ethanol was 20.44% more advantageous than the raw sugar traded in New York, equivalent to 12.20 cents per pound (PVU), and 1.15% more advantageous than the crystal sugar of Ribeirão Preto , equivalent to R $ 65.75 per bag (14.99 cents).
Source: Canal Rural