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Rich Asplund

Reduced Sugar Output in Brazil Supports Sugar Prices

Brazil India NY London Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) Tuesday closed up +0.43 (+1.92%), and December London ICE white sugar #5 (SWZ24) closed up +2.40 (+0.42%).

Sugar prices posted moderate gains on Tuesday, with NY sugar climbing to a 1-week high. Sugar has carryover support from Monday when food processor Wilmar International cut its 2024/25 Brazil Center-South sugar production estimate to 38.2 MMT-39.5 MMT from a September estimate of 38.3 MMT-40.8 MMT, citing limited rain and high temperatures.

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