Price falls of the key inputs used in the production of sugarcane could lower production costs, even with the prospects of little change in the value of total recoverable sugar (ATR). In the month of February, the major nutrients in the global fertilizer market showed a downward trend. On the domestic market, the price of fertilizers decreased, with urea being severely impacted. Successful negotiations are still expected to take place in 2023. “Two of the products under examination for the Center-South region showed a minor increase. According to the informants, this was mostly caused by readjustments brought on by an increase in production prices. According to the research, prices for limestone dropped by about 4% in the Northeast”, said a report.
Sources: RPA NEWS/Nova Cana (*Translated by Ia Niani)