Brazil Centre of Focus for International Market

Prices in the first week of this reporting period remained relatively steady, trading between a low of US26.28c/lb and a high of US28c/lb. Prices were stronger for sugar being sold from October 2011 onwards. Price movements in the second week of the fortnight were more dramatic, with the May-11 ICE No.11 contract dipping to the low end of its recent trading range - at around US25c/lb.The May-11 ICE No.11 contract opened at US27.80c/lb on Monday 28 March and closed at US25.66c/lb on Friday 8 April.