Sugar prices decline with favorable weather in Brazil and India

Sugar futures closed Monday (7th) lower on international exchanges. According to data released by the National Bioenergy Union News Agency (UDOP), the movement was influenced by more favorable weather conditions in key producing regions. In Brazil, reduced frost risk in the sugarcane belt diminished harvest loss concerns. In India, the early onset of monsoons strengthened expectations of a robust harvest. According to the country's Meteorological Department, "June precipitation was 9% above the historical average," and the July forecast is for "above-normal rainfall". Currently, about half of India's agricultural areas depend on monsoons, which benefit summer crops like sugarcane. On the ICE Futures exchange in New York, raw sugar contracts registered a decline. The October 2025 contract dropped 10 points, trading at 16.28 cents per pound. The March 2026 contract fell 5 points, quoted at 17.01 cents per pound. In London, at ICE Europe, white sugar contracts also showed a drop. The ...