COMMODITIES

Brazilian sugarcane mills brace for a year of low prices

Brazil is the world's top sugar producer. Photo: Alf Ribeiro/Shutterstock

Sugar prices have fallen to their lowest point in more than five years, as favorable growing conditions in most major producing countries suggest a bumper global harvest is on the horizon for 2026.

A sugar price index developed by the Cepea research center at the University of São Paulo has dropped to its lowest level since 2020, mirroring a similar decline in United States futures markets, where prices have fallen 32% in the last year. The slide follows a sharp increase in 2023, when crop failures in several countries sent prices surging…

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