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Sugar Market News

Stay up to date with the latest sugar market news and analysis.

Sugar Prices Surge as Wildfires in Brazil Fuel Global Supply Fears

Drought-stricken Brazil sees production forecasts slashed, deepening the global sugar deficit Sugar prices continued their upward climb this week, fueled by escalating concerns over a deepening global supply deficit, as reported by Bloomberg. Raging wildfires in Brazil, the world's largest sugar producer, have further diminished production prospects in

Kenya Slams Door on Sugar Imports, Prioritizing Domestic Industry and Farmers

Government enacts immediate ban to bolster local sugar production In a move to revitalize the domestic sugar industry, Kenya has imposed an immediate ban on all sugar imports, as reported by ChiniMandi. The directive, issued by Interior Principal Secretary Raymond Omollo, aims to stimulate the growth of local sugar mills

US Sugar Production Forecast Lowered, While Mexico Output Revised Upward

The USDA has revised its production forecasts for US sugar, decreasing estimates for both the 2023/24 and 2024/25 marketing years. Meanwhile, Mexico's sugar production for 2023/24 has been adjusted upwards, according to the latest report published by the USDA. The US sugar supply for the

Global Sugar Production Up, But Stocks and Exports Forecast to Decline

Global sugar production is expected to rise slightly in the 2023/24 marketing year, but stocks and exports are forecast to decline, according to the latest sugar report released by the USDA. The report projects global sugar production to reach 186 million metric tons (MT), a 2.5-million-ton increase from

Mexico Sugar Production Revised Upward, US Beet Sugar Output Trimmed

Mexico's sugar production for the 2023/24 marketing year has been revised upward, while US beet sugar production estimates have been trimmed, according to the World Agricultural Supply and Demand Estimates (WASDE) report released by the USDA last week. The report projects Mexico's sugar output to

Thailand Sugar Production Set to Rebound as Exports Surge

Thailand's sugar production is expected to rebound in the 2024/25 marketing year, driven by a recovery in sugarcane production and increased sucrose yields, according to a recent report by the USDA's Foreign Agricultural Service (FAS). FAS forecasts sugarcane production to reach around 96 million metric
Thailand Sugar Production Set to Rebound as Exports Surge

Brazil Sugar Production Hits Record High: Reuters

Brazil's sugarcane crop for the 2024/25 season is expected to decline slightly from the previous year's record high, while sugar production is projected to reach an all-time peak, according to a report by the Brazilian government agency Conab cited by Reuters. Conab forecasts the total

India's Sugar Consumption Heats Up Amidst Election Fever and Scorching Temperatures

India's sugar consumption is expected to reach record highs this year as a confluence of factors, including a blistering heat wave and ongoing elections, drive up demand, according to a report by the Economic Times. The report highlights the significant role of summer weather in boosting sugar consumption

Philippines Ample Sugar Stocks May Eliminate Import Need | Philstar

The Philippines may not import sugar in 2025 due to ample stocks from previous imports and steady production, according to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS) in Manila, as reported by The Philippine Star. USDA-FAS Manila projects the country will produce 1.85 million metric tons of

US Sugar Supply on the Rise with Increased Imports

The U.S. sugar supply for 2023/24 is expected to increase, despite a decrease in domestic production, according to a recent report from the U.S Department of Agriculture. The report forecasts a rise in imports, particularly from sources other than Mexico, to compensate for the lower domestic output.