Sugar Prices Rise Due to Reduced Brazil Sugar Output Outlook
Sugar prices increased as the USDA forecast a 3% decline in Brazil's 2026/27 sugar production to 42.5 MMT, driven by increased cane crushing for ethanol. This, along with reduced global surplus estimates and higher crude oil prices, has supported sugar prices, which had previously fallen to a 5.5-year low.
Topics: brazil_sugar_production ethanol_production global_supply_disruptions strait_of_hormuz_closure sugar_prices