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Barchart
Barchart
Rich Asplund

Sugar Prices Surge on Reduced Production Estimates in Brazil and India

Brazil India Unica Green Pool Commodity Specialists London Thailand USDA

May NY world sugar #11 (SBK25) Monday closed up +0.78 (+4.06%), and May London ICE white sugar #5 (SWK25) closed up +23.30 (+4.30%).

NY sugar prices Monday rallied sharply to 3-week highs on signs of lower global sugar production.  Last Thursday, Unica reported that cumulative 2024/25 Brazil Center-South sugar output through February fell -5.6% y/y to 39.822 MMT.  Also, the Indian Sugar and Bio-energy Manufactures Association cut its 2024/25 India sugar production forecast last Wednesday to 26.4 MMT from a January forecast of 27.27 MMT, citing lower cane yields.

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