Sugar prices closed higher on Friday due to concerns about smaller sugar supplies from Brazil. Reports of smaller cane yields may reduce Brazil’s 2025/26 sugarcane production below 600 MMT. The Brazilian real’s strength also supported prices by discouraging export sales. However, sugar prices fell on Tuesday due to signs of stronger production in Brazil. Additionally, India may permit local sugar mills to export sugar in the next season, potentially leading to a bumper crop. The outlook for higher sugar production in India is bearish for prices, with projections of a significant increase in production.

Read more at Yahoo Finance: Sugar Prices Jump on Reports of Lower Cane Yields in Brazil