Sugar/CEPEA: Prices Fall Amidst Weak Demand and Advancing New Crop
According to CEPEA (Center for Advanced Studies in Applied Economics at the University of São Paulo), on April 22, 2026, white crystal sugar prices in São Paulo's spot market continued to fall. This decline is attributed to weakened demand and the anticipated increase in supply from the advancing 2026/27 crop season. Buyers are acting cautiously, expecting further price decreases, while mills' gradual production ramp-up reinforces the perception of greater short-term availability.
According to the Center for Advanced Studies in Applied Economics (CEPEA) at the University of São Paulo, white crystal sugar prices in the São Paulo spot market continued their downward trend on April 22, 2026. This decline is primarily driven by a combination of weakened market demand and the advancing 2026/27 crop season, which is expected to boost supply.
CEPEA reports that buyers adopted a more cautious approach last week. Many market participants anticipate further price depreciation, basing their expectations on the progress of the new crop and the resulting trend of increased availability. On the supply side, although sugar mills are still in the initial stages of production, the gradual increase in crushing operations is already contributing to the perception of greater short-term supply. Furthermore, the observed retreat in the broader market reinforces this trend.