Period: 13th - 14th/December/2018

Sugar Market

● The average price of crystal sugar (up to ICUMSA 250) in Sao Paulo state last week was US$ 315/t (cash, ex-mill, net of taxes), an increase of 1.5%  over the previous week.

● From the producers’ viewpoint, the price environment in the region is positive because there is less stock available for the mid-crop period which is just starting.  The  ethanol bias of this crop period explains the current stock situation. 

● Given this particular scenario, we are expecting firm prices in the mid-crop period.