Prices for sugar are rising due to a decrease in production in Brazil.

Currently, in New York, the price of October world sugar No. 11 (SBV24) has increased by +0.12 (19.49; +0.62%). Additionally, in London, the price of October white sugar No. 5 (SWV24) rose by +10.10 (541.80; +1.90%), according to information from Barchart.

Today, sugar prices slightly increased due to a reduction in the sugar production forecast in Brazil Center-South for 2024/25 from Czarnikow, from 40.0 million tons to 39.2 million tons due to drought and fires. Covrig Analytics also raised its estimate of the global sugar deficit for 2024/25 from -300,000 tons to -600,000 tons.