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2025-07-30 22:51:52
Raw sugar prices fell for the first time in three days as Brazil, a major sugar producer, reported higher-than-expected production. New York raw sugar futures fell for the first time in three days due to higher-than-expected production in Brazil in the first half of July. According to data from the Brazilian Ministry of Agriculture and Livestock, sugar production over the past 15 days totaled nearly 3.4 million tons. Industry organization Unica is likely to release its sugarcane crushing report this week. Claudiu Covrig of Covrig Analytics stated that the government data exceeded market expectations and contradicted previous market expectations of a decline in sugarcane crushing during the same period.
