8 February 2019, 07:36,
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Sugar prices went up in January, FAO
The FАО Sugar Price Index averaged 181.9 points in January 2019, up 2.4 points (1.3 pct) from December 2018.
International sugar prices were largely influenced by movements in the Brazilian currency (Real), which gained strength against the United States dollar.
"A stronger Real supports sugar prices because it limits the supply of Brazilian sugar to the world market, as domestic producers process sugarcane into ethanol for local sale. Firmer crude oil prices lent further support to international sugar price quotations," the FAO analysts report.
Earlier it was reported that Ukraine filled the quotas for duty-free supplies of sugar to the EU over the first calendar month of 2019.