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As of October, NY world sugar #11 prices have fallen to a two-month low at $15.67, down 0.76%, while London ICE white sugar #5 is at $470.50, down 0.31%. Brazil’s sugar output in early August increased by 16% year-on-year to 3,615 MT, contributing to price pressures amid expectations of higher production.
The International Sugar Organization (ISO) forecasts a global sugar deficit of 231,000 MT for the 2025/26 season, following a projected deficit of 4.88 million MT in 2024/25. Additionally, Brazil’s government agency Conab has revised its 2025/26 production estimate down by 3.1% to 44.5 MMT due to adverse weather conditions affecting yields.
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