The FAO sugar price index recorded an average of 103.7 points in June, which is 5.2% less than in May, marking the fourth consecutive monthly decline and the lowest level since April 2021, according to the food price index prepared by the Food and Agriculture Organization of the United Nations (FAO). The decline was mainly due to "the improvement of supply prospects in the main producing countries," states the FAO. Specifically, in Brazil, after a slow start to the season, drier weather conditions accelerated the harvest and milling, which, together with greater use of sugarcane for sugar production, led to production being higher than expected in recent weeks and put downward pressure on global sugar prices. Additionally, the first monsoon rains, which were above average, combined with the expansion of planted areas in India and Thailand, improved prospects for crops in the 2025/26 season, further contributing to the decline in global prices. Global ...