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Rich Asplund

Sugar Prices Pressured by Increased Sugar Output in Brazil

Brazil Unica Thailand India Conab London NY USDA

May NY world sugar #11 (SBK24) on Friday closed down -0.08 (-0.51%), and Aug London ICE white sugar #5 (SWQ24) closed up +0.10 (+0.02%).

Sugar prices on Friday settled mixed. Sugar futures came under pressure Friday after Unica reported that 2024/25 Brazil sugar production in the first half of April jumped +31.0% y/y to 710 MT. Also, the percentage of sugarcane crushed for sugar production increased to 43.64% from 38.01% last year, signaling increased sugar supplies.

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