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2025-09-17 21:40:31
[Expectations of increased Brazilian supply weigh on raw sugar futures prices] ⑴ New York raw sugar futures prices fell due to expectations of increased supply from Brazil, the world's largest sugar producer, and concerns about weak demand in Indonesia. ⑵ Analysts believe that Brazil's raw sugar production in the second half of August may reach as high as 3.95 million tons, exceeding the industry association's forecast for the first half of August. ⑶ This production level will help increase inventories. ⑷ By September 30, Brazilian raw sugar inventories may climb to 11.6 million tons from 9.4 million tons at the end of August. ⑸ Analysts note that the rising inventory trend will "continue to put pressure on the market." ⑹ However, refineries in the Middle East and Africa have begun purchasing Brazilian raw sugar, indicating initial signs of demand recovery in some regions.
