ARTICLE 2 #SUGAR MILL

Amid excessive rainfall in Maharashtra, Karnataka, and Gujarat, the sugar industry has urged the government to extend the September 2025 sugar release quota .I n a letter to the Joint Secretary (Sugar), Department of Food and Public Distribution, the West Indian Sugar Mills Association stated that due to excessive, heavy and incessant rains in Maharashtra, Karnataka and Gujarat, sugar lifting by merchants and movement of sugar transportation had been badly hit.

Sugar prices settled sharply higher on Thursday due to concerns over lower sugarcane yields in Brazil. Unica reported Thursday that Brazil's Center South sugarcane crush in the first half of September was up +6.9% y/y to 46 MMT. However, the sugar content in the cane declined, signaling lower sugar production as the sugar content in crushed cane dropped to 154.58 kilogram per ton (kg/ton) versus 160.07 kg/ton a year earlier.

March NY world sugar #11 (SBH26) on Friday closed up +0.07 (+0.431%), and December London ICE white sugar #5 (SWZ25) closed down -1.20 (-0.26%). Sugar prices settled mixed on Friday. Sugar has carryover support from Thursday, when Unica reported that the sugar content in Brazil's Center-South sugarcane crush declined, signaling lower sugar production. The sugar content in crushed cane in the first half of September in Brazil dropped to 154.58 kilogram per ton (kg/ton) versus 160.07 kg/ton a year earlier.

March NY world sugar #11 (SBH26) on Tuesday closed down -0.18 (-1.07%), and December London ICE white sugar #5 (SWZ25) closed down -6.40 (-1.38%). Sugar prices gave up an early advance on Tuesday and turned lower, with NY sugar falling from a 1.75-month nearest-futures high. Sugar prices retreated after Covrig Analytics projected a +4.1 MMT global sugar surplus for the 2025/26 season.