Sugar: International Price Continues to Decline

Subsidies on exports to India and improvement in the competitiveness of Brazilian sugar, caused by devaluation of the real, explain part of the decline in international coffee prices.

Tuesday, February 24, 2015

The union of sugar producers in Honduras states that the country currently loses between $25 and $40 per hundredweight exported to the international market, on average a total of $40 million.

The president of the Association of Sugar Producers of Honduras (APAH), Matthew Jibreen, told Azucar.hn that "... the devaluation of the real in Brazil is a factor, causing Brazilian producers to be more competitive. "

"... After the United States and Europe allow free access for sugar we will be able to get better prices. The current price is around $14 per pound ".

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