브라질 설탕 인사이트

Volume exported in October has already surpassed the 2023 average and November continues at a higher pace than last month

Sugarcane crushing in the second half of October was 27.17 million tons compared to 34.66 million in the 2023/2024 harvest.

Sugar futures contracts began the week with a decline on international exchanges, with investors awaiting the harvest report for the second half of October, which will be released by the Sugarcane and Bioenergy Industry Association (Unica) on Tuesday morning. According to an estimate by S&P Global Commodity Insights, the commodity's production could fall by 28.3% in the period due to the heavy rains that hit the Center-South region of Brazil, which accounts for more than 90% of national sugar production. On ICE Futures in New York, raw sugar due in March 2025 was traded at 21.36 cents per pound on Monday (11), a reduction of 2.1%, or 46 points, compared to the previous session. The contract for May 2025 fell 44 points, quoted at 19.95 cents per pound. Other maturities fell between 21 and 42 points. At ICE Futures Europe, in London, white sugar also closed the day down across all contracts.