Weakness of real pressures the low price of sugar

Traders in this market said that the weakness of the real against the dollar, which attracts sales by Brazilian producers, affected the price of the price. According to badysts, prices did not react Wednesday in a positive way, although that it is known that sugar production in the south-central region of Brazil would fall by 28 million metric tons (MT) in the 2018/19 season, compared with a previous estimate of 31 million tonnes

. Safras & Mercado consulting firm, this forecast is based on a drought and high production of ethanol in this country

According to the entity, the output of this derivative will rise to 27 billion liters, more than 25 thousand 350 million liters for the period 2017/18.

Safras calculates that factories allocate 62% of cane harvested for ethanol production and only 38% for sugar production.

He estimated that the sharp decline in sucrose production in Brazil this year has not been able to badert the prices of the sweetener. in the international market, due to the promotion of this product's offerings in Thailand, India and Europe.

ga / rs