Brazil’s sugar pricing goes to 85.75% of exports 21/22

Brazilian mills have already fixed sugar prices for the 2021/22 harvest to 85.75% of projected exports for the season, up about five percentage points from last month’s survey, Archer Consulting estimated in a note, based on data up to February 28. Mills have taken advantage of favourable market conditions and advanced as never before to lock in deals for the next harvest, which officially begins next month in the center-south.

Source: 6 Minutos Economia