REPORTS

Barchart - Sugar prices have been under pressure in recent weeks, and on Thursday, NY sugar posted a 5-year nearest-futures low and London sugar posted a 4.75-year low, mainly due to higher sugar output in Brazil and talk of a global sugar surplus. Last Tuesday, Datagro projected that Brazil's Center-South 2026/27 sugar production will climb +3.9% y/y to a record 44 MMT.  In related news, BMI Group on October 13 projected a global 2025/26 sugar surplus of 10.5 MMT, and Covrig Analytics on October 7 projected a global 2025/26 sugar surplus of 4.1 MMT.