ARTICLE 2 #SugarPrices

The lowest bid submitted was USD 533 per ton (C&F) for small‑grade sugar. Another bid offered USD 549 per ton for a further lot of small grade sugar. Bids range across various grades, including small/fine and medium grades.

Conversely, in India, authorities recently lifted restrictions that previously capped sugar use for ethanol production, which boosted sugar stocks and alleviated some pressure. If curbs persist without corrective measures, options like increasing imports, tapping buffer stocks, or policy intervention may be needed to prevent severe shortages.

Markets may remain bearish until supply is rebalanced or a shock disrupts output. Producers in high‑cost regions could struggle to remain viable. Governments might be pressured to support margins via tariffs, subsidies, or export incentives. Some sugar mills may pivot more aggressively into biofuels or value‑added sugar products to manage risk. With forecasts pointing to a considerable global sugar surplus, the major takeaway is that prices are likely to stay weak—barring an unexpected supply shock or policy intervention. Recent related news

Brazil’s expansion of corn-based ethanol is altering the economics of sugar-cane processing: the cheaper corn-ethanol route is making sugar-cane ethanol less competitive, causing cane processors to shift more of their crop toward sugar rather than ethanol.