REPORTS

Barchart - Sugar prices settled higher on Wednesday as recent strength in the Brazilian real discouraged export sales by Brazilian sugar producers, potentially reducing supplies. The real (^USDBRL) climbed to a 1-month high against the dollar on Tuesday.

Last Monday, NY sugar matched a 2.5-month high on expectations of smaller future sugar supplies from Brazil. Consulting firm Safras & Mercado said on December 23 that Brazil's sugar production in 2026/27 will fall by -3.91% to 41.8 MMT from 43.5 MMT expected in 2025/26. The firm expects Brazil's sugar exports in 2026/27 to fall -11% y/y to 30 MMT.