The global sugar market begins April in adjustment, pressured by external factors and changes in supply and demand. Recent tensions in the Middle East, followed by a temporary ceasefire between the United States and Iran, impacted oil prices, directly influencing the sugar and ethanol sector. The drop in oil to levels below US$ 100 per barrel reduces the competitiveness of ethanol, stimulating mills to allocate a larger volume of sugarcane for sugar production. This expands the global supply and reinforces downward pressure on international prices. The normalization of ship traffic through the Strait of Hormuz may generate increased demand from Middle Eastern refineries, adding uncertainties to the market in the short term. International exchanges registered declines this Wednesday (8). On ICE Futures US, raw sugar reached a three-week low, with the May/2026 contract closing at 14.23 cents per pound (-0.35 cent) and the July/2026 quoted at 14.47 cents (-0.32 cent). In London, on ...