Sugar prices rose today after Conab, Brazil’s crop forecasting agency, cut its 2025/26 production estimate. Brazil’s sugar mills are prioritizing sugar over ethanol production, leading to lower output. Stronger global demand is supported by China’s increased sugar imports and Pakistan’s tender for refined sugar. India may export 2 MMT of sugar in 2025/26 due to abundant monsoon rains, leading to a bearish outlook on prices. India’s sugar production is projected to increase by 19% in 2025/26, while a global surplus is expected, according to various reports. Thailand’s sugar production is also on the rise, contributing to bearish price forecasts. The International Sugar Organization predicts a global sugar deficit, tightening the market after a surplus. The USDA forecasts record sugar production and consumption in 2025/26, with increased stocks. Brazil, India, and Thailand are expected to see production increases, further impacting global sugar prices.

Read more at Yahoo Finance: Sugar Prices Rebound as Conab Cuts its Brazil Sugar Production Forecast