02.12.202515:23:27UTC+00Sugar Futures Attempt Recovery

Sugar futures have hovered around 14.9 cents per pound as the market attempts to recover following a decline exceeding 3% on December 1. This downturn was largely influenced by increased production levels in India and Brazil. Ongoing global supply challenges persist as key production areas continue with their harvest and milling activities, contributing to a rise in available sugar supplies. Brazil has maintained robust production, particularly in the Center-South region, which has managed to process substantial volumes despite confronting early-season weather obstacles. According to Unica, sugar production in this region grew by 8.7% year-on-year during the first half of November, reaching a total of 983,000 tons. Concurrently, the National Federation of Sugar Mill Cooperatives of India (NFCO) reported a 43% increase in output for the first two months of the 2025/26 season compared to the previous year, achieving 4.1 million tons. This surge in production is attributed to improved recovery rates and accelerated processing. The International Sugar Organization predicts a global sugar surplus of 1.63 million tons for the 2025/26 season, contrasting with the 2.916 million-ton deficit recorded in 2024/25.