Sugar cane production may resume in Brazil
According to the information source Globo Rural, the rains expected at the end of this year in the central-southern region of Brazil may restore sugar cane production and put pressure on world sugar prices in early 2025.
According to analysts from Safras & Mercado, the rains that came 30 days earlier (in October) in the central-southern region of Brazil and the wet off-season should help to restore sugar cane production in 2025. It is estimated that 608 million tons of cane will be processed in the new season 2025/26 MY, which will begin in April 2025, compared to 592 million tons in the current season 2024/25 MY. As a result, world raw sugar prices may decline to about 19.50 cents/lb in the first quarter of 2025.
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