Reported 1 day ago
Sugar prices are experiencing a downward trend due to increased global production, particularly in Brazil, where output has surged significantly. Reports indicate that Brazil's sugar production rose by 18% year-on-year, contributing to a new four-year low in sugar prices. India is also expected to boost its sugar production, further impacting prices negatively. The overall outlook suggests a notable global sugar surplus for the upcoming 2025/26 season, despite a projected global sugar deficit for that period.
Source: YAHOO