Period: 17th - 18th/April/2019

Sugar Market

● The average price of crystal sugar (up to ICUMSA 250) in Sao Paulo state last week was US$ 297/t (cash, ex-mill, net of taxes), relatively stable over the previous week.

● Prices remained stable with a slight upward bias. Supporting this we have a rainy beginning of the crop as well as attractive ethanol prices that have discouraged sugar production . As a result, the market is being supplied by stocks from the previous crop.