REPORTS

Barchart - Sugar prices retreated on Friday, with NY sugar falling to a 3-month low. Sugar prices have been in a gradual decline over the past three months, with London sugar slumping to a 5-year nearest-futures low on Monday as the outlook for global sugar surpluses continues. On Friday, Unica reported that Brazil's cumulative 2025-26 Center-South sugar output through mid-January rose by +0.9% y/y to 40.236 MMT. Also, the ratio of cane crushed for sugar rose to 50.78% in 2025/36 from 48.15% in 2024/25.