Weekly Sugar Market Report

12-Apr-2025 10:56 AM

Weekly Sugar Market Report
★ After a recent 3.5% surge, the international sugar market witnessed a 4.03% decline, attributed to trade tariffs, adverse weather conditions, and weakening global demand.
★ Brazil’s sugar production for 2024–25 is estimated at 39.97 million metric tons, and could increase to 41.41 million metric tons in the 2025–26 season.
★ In India, due to a weak season, production is expected to be around 26.18 million tons, of which 3.5–4 million tons may be diverted for ethanol production.
★ Thailand’s production is estimated at 10–10.2 million tons, while Europe and the UK are expected to produce 16.85 million tons collectively.
★ Recent heat and drought in Brazil have affected output. Most regions in India are experiencing dry conditions. The upcoming monsoon in Southeast Asia could impact rice and sugarcane crops.
★ Sugar production in India and Thailand is nearly complete. In the international market, white sugar prices have touched $15 per ton.
★ If weather conditions remain unfavorable and global trade policies stay uncertain, further declines in international sugar prices could occur.
★ The ongoing fall in global prices is also affecting Indian sugar exports. Out of the 1 million tons approved for export, only 300,000 tons have been shipped so far.
★ Due to lower production and increased ethanol demand, end-of-season sugar stocks in India are expected to be low, which may support prices in the future.