Sugar prices fell today as Brazil’s sugar mills prioritize sugar production over ethanol due to drier cane crops. Concerns over weaker cane yields in Brazil led to a rally in NY sugar last week. India may permit sugar exports in the next season, with monsoon rains expected to boost production. India’s sugar production is projected to rise by 19% in 2025/26. Expectations of a sugar surplus in the 2025/26 season have driven prices to multi-year lows. Thailand’s sugar production rose by 14% in 2024/25. The International Sugar Organization forecasts a global sugar deficit for 2024/25, tightening the market.

Read more at Yahoo Finance: The Outlook for Higher Brazil Sugar Production Weighs on Prices