REPORTS

Barchart - Sugar prices on Monday extended last Friday's sell-off, with NY sugar falling to a new 4.5-year low and London sugar falling to a new 4.25-year low.  

Sugar prices have been under pressure over the past seven months, mainly due to signs of higher sugar output in Brazil. Unica reported on October 16 that Brazil's Center-South sugar output in the second half of September rose by +10.8% y/y to 3.137 MT. Also, the percentage of sugarcane crushed for sugar by Brazil's sugar mills in the second half of September increased to 51.17% from 47.73% the same time last year. In addition, cumulative 2025-26 Center-South sugar output through September rose +0.8% y/y to 33.524 MMT. Separately, consultant Datagro last Tuesday projected that Brazil's Center-South 2026/27 sugar production will climb +3.9% y/y to a record 44 MMT.