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Barchart
Rich Asplund

Sugar Prices Retreat as Brazil Ramps Up Sugar Production

Brazil London NY India USDA Conab FAs ISO Thailand

October NY world sugar #11 (SBV25) today is down -0.34 (-2.12%), and October London ICE white sugar #5 (SWV25) is down -2.40 (-0.50%).

Sugar prices today extended this week's slide, with NY sugar falling to a 2-month low and London sugar posting a 2-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.

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