October NY world sugar #11 (SBV25) on Wednesday closed down -0.12 (-0.74%), and October London ICE white sugar #5 (SWV25) closed down -6.60 (-1.34%).
Sugar prices on Wednesday added to Tuesday's sharp losses, with NY sugar posting a 4-week low and London sugar posting a 1-week low. Sugar prices remain under pressure due to the outlook for higher sugar production in Brazil. Last Friday, Unica reported that Brazil's Center-South sugar output in the first half of August rose by +16% y/y to 3,615 MT. Also, the percentage of sugarcane crushed for sugar by Brazil's sugar mills in the first half of August increased to 55.00% from 49.15% the same time last year. However, cumulative 2025-26 Center-South sugar output through mid-August is down -4.7% y/y to 22.886 MMT.
