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Rich Asplund

Sugar Prices Climb on Reduced Sugar Output in Brazil

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

March NY world sugar #11 (SBH25) today is up +0.20 (+0.90%), and December London ICE white sugar #5 (SWZ24) is up +6.40 (+1.13%).

Sugar prices today are moving higher on smaller sugar production in Brazil. Unica reported today that sugar output in Brazil's Center-South region during the second half of September fell -16.2% y/y to 2.829 MMT. Gains in sugar were limited, however, as 2024/25 Center-South sugar output through September is up +1.5% to 33.154 MMT.

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