The price of sugar and increased ethanol production should be focal points in 2026/27.

The inter-crop season 2025/26, which begins in January/26 and extends until March/26, may still be marked by firm prices for the seller. In addition to demand, which is expected to remain heated, researchers from Cepea indicate that support should also come from the smaller ethanol stocks in the Central-South region of the country. On the other hand, the 2026/27 season, which officially starts in April/26, should be marked by increased attention to international sugar quotations and the expansion of ethanol production, especially in view of the risk that supply will advance at a faster pace than demand. Market agents consulted by Cepea indicate an environment of greater caution for the cycle. In this context, the 2026/27 season tends to present few vectors of support for ethanol prices. According to Cepea researchers, the scenario drawn is challenging, with the possibility of downward pressure on biofuel quotations. Preliminary projections for sugarcane crushing for the 2026/27 ...