StoneX reduced the forecast for the global sugar balance surplus in MY 2025/26

Brazil is estimated at 40 million tons, which is 1.5% less than in the previous season. In the northeastern region, increased attention to ethanol production led to a reduction in the share of sugar production from sugar cane, which was estimated at 3 million tons, which is 18.5% less than in the previous season. Global sugar stocks are expected to rise by 4% to 76.7 million tonnes, pushing the sugar stock-to-consumption ratio to 39.6%, above the five-year average of 39%. “Global performance in the MY 2025/26 season was mixed. Thailand and China faced significant delays, while European production exceeded expectations, especially in the European Union and Ukraine,” analysts said. “In India, harvesting is continuing as expected, driven by an increase in the crop in Maharashtra.” StoneX analysts expect India’s sugar production to reach 32.3 million tonnes in the MY 2025/26 season. Thailand’s sugar production is expected to be 10.5 million tonnes, while China’s is forecast at 11.5 ...