India: Brazil – Conab expects sugar prices to decline in coming months

Sugar prices in Brazil are expected to decline in the coming months as the 2020/21 sugarcane crushing season progresses and production increases, said Brazil’s National Supply Company (Conab) in its monthly report, according to Brazil’s Agencia Udop.

A rise in Brazilian sugar exports should help to partially mitigate the expected price fall in the market, according to Conab’s report signed by market analyst Fábio Silva Costa.