Cepea, April 1st, 2021 – The demand for sugar was low in the spot market of SP in March, due to the nearness of the new season (2021/22) and the fact that some cities in the state increased restrictive measures to fight the covid-19 pandemic. As regards supply, agents from sugar mills continued to limit the volume available, but some sales at lower prices were reported when larger volumes were sold.
On the other hand, at ICE Futures (NY), prices for demerara sugar were pressed down by positioning in sales, which may be linked to the increase in the number of covid-19 cases in Europe
Fonte: CEPEA
