Sugar prices in Brazil fell 21 percent

January 3, 2013
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Businesses considering investing in Brazilian property and developing mergers or transactions with other companies in the country will need to consult business attorneys from law firms in Brazil. The nation’s resources have also provided necessary produce for companies looking to open factories and other sites in Brazil.

For instance, sugar is a much-needed substance for various food products and populations around the world. However, Bloomberg Businessweek reported that the amount of sugar being sent to Malaysia and the Black Sea area from Brazil fell by more than 7 percent over the last week.

The total amount of sugar dropped by as much as 0.1 million metric tons when compared to the previous week. Refined or white sugar was found to be more popular, as it grew by 8 percent in one month and more companies have been refining the sweet produce since then.

“The major cause for the lower level of sugar prices through this harvest year is the relatively abundant production obtained both in the center-south Brazil as in other world producers,” Heloisa Lee Burnquist, an analyst at research group Cepea, wrote in a report.

Overall, sugar prices in Brazil fell by 21 percent in the second half of last year when compared to the same time period in 2011. These numbers were the lowest seen in the last four years, according to Bloomberg. Nonetheless, another study showed that sugar production far exceeds global consumption, with an excess of 7.8 million tons.

U.S.-based businesses attempting to invest in the resources of Brazil will need to follow all laws and regulations of the land to ensure they succeed. A Brazilian law firm can help such companies reach their goals while following business law procedures.

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