Prices for sugar have risen due to a reduction in production forecast in Brazil.
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Sugar

Prices for sugar have risen due to a reduction in production forecast in Brazil.

Prices for sugar have risen following recent losses: the May futures contract for sugar No. 11 in New York added +0.45%, while the white sugar contract in London increased by +0.59%. Conab reduced its sugar production forecast in Brazil for the current financial year by -2.6%.

2 June 2025 2 June 2025

According to the Barchart portal, Wednesday's closing of trading showed some price growth on sugar. Thus, the May futures contract for world sugar No. 11 in New York (SBK24) added +0.09 (19.77; +0.45%), while the August contract for London white sugar ICE No. 5 (SWQ24) rose by +3.40 (576.60; +0.59%).

This price increase is related to profit-taking after recent losses. Since the beginning of last week, sugar prices have started to rise as short positions were closed. It is worth noting that Conab has reduced its sugar production forecast in Brazil for the current financial year by -2.6%, from 46.9 million tonnes to 45.7 million tonnes. The decrease in the forecast is attributed to an increase in the estimate for ethanol production in Brazil to 29.7 billion liters, while production was expected to be 28 billion liters in November.

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