REPORTS

Barchart - Sugar prices fell to 1.5-week lows on Tuesday and settled lower. Higher sugar production in Brazil is undercutting sugar prices. Last Friday, Unica reported that cumulative 2025-26 Center-South sugar output (October through mid-March) is up +0.7% y/y to 40.25 MMT, with sugar mills boosting the amount of cane crushed for sugar to 50.61% from 48.08% last year.

Losses in sugar prices were limited on Tuesday amid strength in the Brazilian real (^USDBRL). The real rallied to a 2-week high against the dollar on Tuesday, discouraging export sales from Brazil's sugar producers.