Sugar: Falling production in Brazil and India leads to new price hikes

Published Mar 13, 2025

Tridge summary

Sugar prices have increased due to the market's outlook of lower supply from India and Brazil. In Brazil, the sugar production in the Center-South region has decreased by 5.58% compared to the previous year, totaling 39.82 million tons. On the other hand, India's sugar production is expected to drop by 2.94% to 26.4 million tons by September. These factors have contributed to the rise in sugar prices on the New York and London stock exchanges.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sugar prices extended this week's gains after closing higher again on Thursday (13), among the main contracts on the New York and London stock exchanges. Prices have found support in the prospect of lower supply in India and in production data in Brazil that are lower than those from the previous year. On Thursday, Única (Brazilian Sugarcane Industry Association) released a report showing a 5.58% drop in sugar production in the Center-South of Brazil, since the beginning of the harvest until March 1, compared to the same period last year. Production of the sweetener totaled 39.82 million tons, compared to 42.18 million tons in the previous cycle. In addition, regarding India, the Indian Sugar Mills Association reported that the country should produce 26.4 million tons by September. This represents a 2.94% drop compared to the previous estimate of 27.2 million tons, according to Reuters. The international agency highlights that on Tuesday (11), another trade body had already ...

Source: NoticiasAgricolas