Sugar rises with crop revision and lower supply

The sugar and ethanol market registered distinct movements over the past week, influenced by both weather conditions in the Center-South and new projections for the upcoming harvests. International prices for the sweetener advanced amid adjustments in supply expectations, while the biofuel renewed highs in the accelerated closing of the sugarcane harvest. StoneX revised the numbers for the 2026/27 season with a forecast of milling at 620.5 million tons, a reduction in the mix to 50.6%, and estimated production at 41.5 million tons. The consultancy highlights that these volumes reflect a less favorable price scenario, which tends to limit the expansion of sugar in the industrial mix. For 2025/26, the milling projection was maintained at 598.8 million tons, with adjustments in the ATR and TCH. The evolution of the climate should define the final pace of the harvest, which may be concluded early. In the futures market, the most traded raw sugar contract closed on Friday quoted at ...