Brazilian sugar prices kept firm in January. From Dec 28th to Jan 31st, the CEPEA/ESALQ Index for crystal sugar (Sao Paulo state) increased 8.04 percent in Real, closing at 25.80 reals or 14.66 dollars per bag of 50 kilos on Thursday, Jan 31st. Prices superior to 25.00 reals per bag were not observed since August 2007. The support came from the high international values, from the lower supply in this off-season period and also from exports to delivery in short term.
Regarding price parity, exports remunerated 3 percent more than domestic trades (SP state) in January average.
Due to the firm sugar prices and the decreases of ethanol values, price parity among the hydrated and the sugar has changed at the end of the month. The sugar remunerated 4 percent more than that type of fuel between Jan 21st and 25th. Regarding the anhydrous, the advantage was of 2 percent over the sugar in the same period.