Sugar futures traded near 19.3 cents per pound, retreating from recent three-week highs due to the stronger dollar and a positive outlook for the 2025/26 crop. According to a Rabobank report, Brazil's sugarcane milling reached 613.6 million tons by December 2024, with 1.7 million tons processed in the second half of the month. This makes the 2024/2025 harvest the third-largest in the country's Center-South region, with potential to rank second if production continues to rise through March 2025. Meanwhile, India approved export quotas for 1 million tonnes of sugar, as the country has a surplus for the first time in eight years. India, the world's second-largest producer, is expected to produce over 27 million tonnes of raw sugar this season.

#SugarFutures #SugarPrices #BrazilSugarCane #IndiaSugarExport #AgriculturalCommodities #SugarOutlook #RawSugar #SugarExport #MarketTrends #GlobalEconomy #ThePriceUpdate