INSUBCONTINENT EXCLUSIVE:
of 2025.Prolonged droughts and wildfires have damaged crops, raising concerns about future harvests
Thailand, India, China, and Mexico have increased their output
(Photo Internet reproduction)India, the second-largest sugar producer globally, might not come to the rescue this time
sugar futures prices, which reached six-month highs in September 2024
tons.Global Sugar Market OutlookDespite this reduction, global sugar production is still expected to increase by 2.5 million tons from the
It will reach a total of 186.0 million tons.Global sugar consumption is set to hit a new record, driven by growing demand in markets like
This increased appetite for sugar comes at a time when exports are forecast to decline due to reduced shipments from major producers.As of
early October 2024, raw sugar prices hovered around $23 per pound, marking an 11.47% increase since the beginning of the year
This price surge affects traders, consumers, and food manufacturers worldwide.Weather conditions in Brazil will play a crucial role in the
monitoring these weather patterns, understanding their potential to sway the global sugar balance.This situation highlights the delicate
nature of agricultural commodity markets
It also emphasizes the importance of diversified production and resilient supply chains in ensuring stable markets.
