
Brazil’s 2025‑26 sugar production is forecast to rise to ~44.7 million mt according to one source. Another indicates that weather risks (drought/fires) may dampen Brazil’s cane crush in 2025‑26. Global supply‑demand views are mixed: some projecting surpluses in 2025‑26, which would keep pressure on prices. For example: “Global supply increases pressure …” Also, northern hemisphere favorable weather + India/Thailand production may also reduce need for Brazilian sugar → which could delay any price recovery. If you’re in India (or watching as an exporter/importer), this is relevant. India is a large sugar producer and its export policy, domestic stocks, etc will interact with global trends.
Brazil produces high sugar, mix is high, weather is good → global supply remains large → no meaningful price rebound early 2026. Brazil mix somewhat moderate/less sugar share + mild weather issues → supply/risk somewhat tighten → sugar prices find support (flat to modest rise) early 2026. Brazil mix shifts significantly toward sugar maybe + weather issues in Brazil/India/Thailand + demand rises → sharp support / price rebound by early 2026.
