Sugar recovery occurs despite higher supply

November marked a recovery in sugar prices on the international market, after a period of strong pessimism among market players. According to Itau BBA, the rise was not associated with supply and demand fundamentals, but rather with the reduction of the negative sentiment that prevailed during Sugar Week held in Brazil. Even with positive news about global production, which would normally pressure prices down, the market reacted with technical adjustments and an improvement in investor sentiment. On the New York Stock Exchange, sugar prices advanced 5.4% in November, ending the month at 15.21 cents per pound. However, in the first days of December, prices fell below 15 cents, influenced by favorable information about Indian production at the beginning of the harvest, before returning to the level observed at the beginning of the month. In the Center-South of Brazil, the 2025/26 harvest has shown greater resilience than expected. As of November 15, 576 million tons of cane were ...