ARTICLE 4 #AgriMarkets

Global sugar markets are experiencing a sharp downturn as an unexpected surge in supply pushes prices down by nearly 30% from their annual peak. Analysts say the sudden drop has caught traders and producers off guard, raising concerns about long-term market stability.

The November World Agricultural Supply and Demand Estimates (WASDE) report has lowered its projection for soybean oil use in biofuel production for the 2024–25 marketing year.