CITI ISO DATAGRO: Fertilizer and diesel price increases raise sugar production costs.

Higher prices for fertilizers and diesel, key inputs for agriculture, have increased the cost of sugar production in major producing countries, including Brazil, said the Plínio Nastari, president of DATAGRO, during the programming of CITI ISO DATAGRO New York Sugar and Ethanol ConferenceThe 19th edition of the conference – which is the official content event of Sugar Week – takes place this Wednesday (13), in New York (USA), bringing together the main leaders and experts of the global sugar-energy sector. According to a report by "Reuters", Nastari pointed out that the cost of producing sugar in Brazil, the largest global exporter, is currently equivalent to 18.63 cents of a dollar per pound, after an increase of about 2 cents of a dollar per pound in a year. Meanwhile, raw sugar prices in New York were trading at around 15.30 cents of a dollar per pound on Wednesday.

This text was translated by machine from Brazilian Portuguese.