3 days ago
Sugar Set for Longest Run of Gains in Five Months on Brazil Crop
Raw sugar futures advanced in New York for a third day — the longest winning streak since Feb. 21 — on renewed concerns over weaker cane yields in top grower Brazil that will likely reduce supplies.
Brazil's sugar production in 2025-26 may total 39 million-40 million tons, compared with an earlier expectation of 41 million tons, said Rahil Shaikh, managing director at trading firm Meir Commodities India Pvt., citing market estimates and concerns that output may be affected by the impact of adverse weather. The crop was hit by widespread dryness during the earlier stages of its development, reducing yields.
