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On Monday morning (30), the sugar market is trading higher, driven by data indicating problems in Indian production. The March/25 contract is quoted at 19.47 cents per pound, while May/25 is trading at 18.03 cents. India, which had indicated the possibility of exporting a surplus of sugar if ethanol blending requirements were met, is now reviewing this decision. The country is facing excessive rainfall after a long period of drought, a situation that could lead to a reduction in sugar production to levels below domestic consumption for the first time in eight years, according to farmers and industry authorities. In addition, the market reflects the Brazilian harvest, which, according to the latest report by UNICA (Sugarcane and Bioenergy Industry Union), showed a decline in sugarcane processing. In the second half of November, mills in the Center-South processed 20.35 million tons, compared to 24 million in the same period of the 2023/2024 harvest, which corresponds to a decrease ...

The Asian sugar market is poised for significant shifts in 2025 driven by a combination of agricultural dynamics, environmental policy and global market conditions. The global biofuel movement, propelled by a collective drive to limit carbon emissions by 2030, will have a trickle-down impact on the sugar market, particularly in regions where sugarcane is the primary feedstock for biofuels. Higher cane output from Thailand In Thailand, the 2024-25 sugarcane crushing season commenced Dec. 6, starting from the Eastern and Northeastern regions. S&P Global Commodity Insights estimates the cane crush for marketing year 2024-25 (October-September) at 102 million mt, a 24% increase year over year. “We should be seeing strong Thai exports in Q1 2025, especially during a period of seasonal tightness in the global market without Brazilian crop,” said a Singapore-based trader.

SOLAPUR, India, Dec 10 (Reuters) - India is set to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and falling prices for competing crops, farmers and industry officials told Reuters.