RIO DE JANEIRO, BRAZIL – Sugarcane mills have set the price for 20.9% of the sugar they intend to export in the next harvest (2022/23), which starts in April next year, according to a survey conducted by Archer Consulting up to May 31.
The percentage is equivalent to 5.3 million tons, negotiated at an average price of R$1,800 (US$358) a ton (placed in the port of Santos).
In May alone, a little over 1.2 million tons were priced at an average R$1,920 per ton. The value fell below the average achieved in . . .