Sugar Prices Push Higher as Brazil Sugarcane Yields Decline

Core Insights - Sugar prices are experiencing an upward trend due to lower sugar production signals from Brazil and increased global demand, particularly from Pakistan [1][2] Group 1: Sugar Price Movements - March NY world sugar 11 increased by +0.10 (+0.61%), while December London ICE white sugar 5 rose by +0.50 (+0.11%) [1] - NY sugar reached a 1.5-month high, and London sugar hit a 2-week high, driven by stronger global demand [2] Group 2: Brazilian Sugar Production - Brazil's Center-South sugarcane crush saw a decline in sugar content, dropping to 154.58 kg/ton from 160.07 kg/ton year-on-year, indicating lower sugar production [1] - In the first half of September, Brazil's Center-South sugar output increased by +15.7% year-on-year to 3.622 million tons, but cumulative output for 2025-26 fell by -0.1% year-on-year to 30.388 million tons [4] Group 3: Indian Sugar Production Outlook - India's sugar production is projected to rise by +19% year-on-year to 34.9 million tons for the 2025/26 season, following a significant decline in 2024/25 [6] - The Indian Meteorological Department reported cumulative monsoon rainfall of 937.2 mm, which is 8% above normal, suggesting a potential bumper sugar crop [5]