Sugar Quotations decrease in April second fortnight In the beginning of the second fortnight of April, even with the harvest progress, sugar prices remained firm. The support came from international demand for Brazilian product. The strong increases in ethanol values also boosted the sugar market in that period.Nevertheless, in the following week, Brazilian sugar prices backpedaled. The low domestic demand and the stocks sales of the 2008/09 crop pressed down values. Domestic buyers were waiting for product of the 2009/10 season. Regarding exports, buyers were interested in contracts, but they did not prevent the decrease of prices at the beginning of the harvest. In the second fortnight of April (from 15 to 30), the CEPEA/ESALQ Index (Sao Paulo state) for crystal sugar downed 2.66 percent, closing at 45.65 reals or 20.86 dollars per bag of 50 kilos on Thursday 30. Concerning price parity calculated by Cepea, the sugar remunerated 86 percent more than the anhydrous ethanol between April 27 and 30. In relation to the hydrated, the sugar advantage was 94 percent. In the same period, domestic trades (Sao Paulo state) remunerated 7 percent more than exports. According to Unica (Sugar Cane Agroindustry Association), the current Center-Southern crop, sugarcane production should reach 550 million tons, 8.9 percent more than the before. Sugar production in this region is predicted at 31.2 million tons, an increase of 16.6 percent. (Cepea – Brazil)Brazilian source CEPEA/ESALQ.
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BSL - Best Shipping Logistic
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About the Company
- Ricardo Brandao
- Curitiba, Parana, Brazil
- BSL - Best Shipping Logistic. Established in 2009, a brand new company lead by a 18 years experienced professional in shipping industry and freight forwarding services at southern Brazilian ports: Santos, Paranagua, Sao Francisco do Sul and Itajai. One stop shopping: __________________ - seafreight quotation for Fcl, Lcl and Break Bulk. - Customs Clearance. - Warehousing. - Door Delivery. - Multimodal transportation. - Accreditation of Nvocc b/l. Our goal is to provide logistic for excellence ensuring cost effective and hassle free trade enviroment.
