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Barchart
Barchart
Rich Asplund

Sugar Prices Rally on Forecast for Sugar Deficit in Early 2025

March NY world sugar #11 (SBH25) today is up +0.67 (+3.08%), and December London ICE white sugar #5 (SWZ24) is up +12.30 (+2.19%).

Sugar prices today are trading higher after Wilmar International, one of the world's largest sugar traders, said the sugar market faces a "huge risk of a shortage of Brazilian sugar" in the first half of 2025 due to low Brazilian inventories and a late start to the 2025-2026 season due to recent drought conditions that impacted cane development.   Similarly, Rabobank on Sep 20 cut its 2024/25 Brazil sugar production forecast to 39.3 MMT from a previous forecast of 40.3 MMT, citing excessive dryness.

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