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Sugar prices fell this week, with October NY world sugar closing at a four-year low due to increased production in Brazil and projections of surplus supplies globally. Unica reported that Brazilian sugar output grew 18% year-on-year in late August, while expectations of higher sugar exports from countries like India and Thailand, along with improved weather conditions, suggest more ample supplies ahead. The International Sugar Organization forecasts a global sugar deficit for the 2025/26 season, but this may not offset the bearish sentiment from rising production estimates.
Source: YAHOO