April 30, 20262 views0 shares
Crystal Sugar Trading Remains Slow at São Paulo Mills
According to Cepea, crystal sugar liquidity in São Paulo's spot market remains low due to cautious market players. The Tiradentes holiday likely contributed to reduced activity last week. Buyers are holding back, anticipating further price declines as the 2026/27 harvest progresses and supply increases. Internationally, raw sugar prices saw a slight uptick, supported by increased Chinese imports.
According to the Center for Advanced Studies in Applied Economics (Cepea) at Esalq-USP, crystal sugar liquidity in São Paulo state's spot market continues to be low. This reflects a cautious stance among market participants. Cepea also noted that the Tiradentes holiday on Tuesday, April 21st, might have contributed to the reduced trading activity last week.
By Friday, April 24th, the Cepea/Esalq Crystal Sugar Index stood at R$99.66 per bag. This figure represents a 0.2% decrease from the previous week's closing price of R$99.90 per bag. Researchers indicate that buyers largely remained on the sidelines, anticipating further price drops as the 2026/27 harvest advances and supply gradually increases.
On the production side, the increasing crushing volume at sugar mills reinforces the perception of greater short-term availability. Cepea also highlighted that, in the international market, demerara sugar prices traded on the New York Stock Exchange (ICE Futures) showed a slight increase during the period. This upward movement was primarily supported by increased Chinese imports, providing some stability to international sugar prices.
