REPORTS

Barchart - Sugar prices Monday fell back from 1-week highs and settled moderately lower on forecasts for rain this week in Brazil's Center-South, the country's main sugar-growing region.  

Last Monday, sugar prices tumbled to 2-1/2 month lows on the outlook for the supply situation to improve. On November 21, the International Sugar Organization (ISO) lowered its 2024/25 global sugar deficit forecast to -2.51 MMT, compared to an August forecast of -3.58 MMT. The ISO also raised its 2023/24 global sugar surplus estimate to 1.31 MMT from an August projection of +200,000 MT.