Sugar prices rose slightly on Tuesday after Conab, Brazil’s crop forecasting agency, lowered its 2025/26 production estimate, offsetting recent pressure from increased milling in Brazil. Strong global demand, highlighted by China’s +76% increase in July sugar imports, also provided support. Concerns over reduced cane yields in Brazil have boosted prices, but the outlook for higher production in India and Thailand remains bearish. The USDA projects a global sugar surplus for the 2025/26 season, with Brazil and India expected to see production increases.

Read more at Yahoo Finance: Sugar Prices Erase Early Losses as Conab Cuts Its Brazil Sugar Production Forecast