Sugar futures surged to around 19.5 cents per pound, reaching their highest level since early January, driven by the strength of the Brazilian real and reduced concerns over excessive supply. Indian exporters faced difficulties securing contracts after New Delhi approved 1 million tons of sugar exports to manage surpluses and stabilize domestic prices. However, traders are hesitating to finalize deals, anticipating higher global prices by September 2025. Meanwhile, a Rabobank report indicated that Brazil’s sugarcane milling reached 613.6 million tons by December 2024, with 1.7 million tons processed in the latter half of the month. This makes the 2024/2025 harvest the third-largest in Brazil’s Center-South region, with potential to climb to second place depending on production through March 2025.

Keywords & Hashtags:
#SugarFutures #SugarPrices #BrazilSugar #IndiaSugar #GlobalMarkets #CommodityTrading #Agriculture #SugarExport #USDA #Rabobank #BrazilianReal #MarketTrends