#SugarFutures rose to around 19.5 cents per pound, reaching their highest level since early January, driven by the strength of the #BrazilianReal and easing concerns over oversupply. Indian exporters are facing challenges in securing contracts after #NewDelhi approved 1 million tons of sugar shipments to help mills manage surpluses and stabilize local prices. High premiums from India’s costly export deals and low global prices have led traders to delay contracts, anticipating potential price increases by September 2025. Meanwhile, a #Rabobank report revealed 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 positions the 2024/2025 harvest as the third largest in the #CenterSouth region, with the potential to become the second largest depending on results through March 2025. #SugarMarket #Agriculture #Commodities #GlobalTrade #SupplyDemand