Sugar prices fell on Wednesday to 1-week lows due to higher sugar production in Brazil, with Unica reporting a 0.9% increase in cumulative output for the 2025-26 season. The ratio of cane crushed for sugar also rose. Weakness in the Brazilian real and a global sugar surplus outlook are negative factors. Consulting firm Safras & Mercado projects a decrease in Brazil’s sugar production for 2026/27. On the other hand, signs of stronger sugar output in India may lead to higher exports, with the country’s sugar production jumping 25% y/y. The outlook for record sugar output in Brazil is bearish, while the International Sugar Organization forecasts a surplus in 2025-26. Additionally, higher sugar production in Thailand is expected to further impact prices. The USDA predicts a record global sugar production for 2025/26, with increased consumption and reduced ending stocks. India and Thailand are also expected to see a rise in sugar production.

Read more at Yahoo Finance: Higher Brazil Sugar Output Knocks Sugar Prices Lower