Commodities
Sugar Supplies Seen Dwindling to Lowest in Years in Early 2025
- Drought in top producer Brazil to delay start of new harvest
- Futures for March delivery trade at a premium in New York
Brazil is expected to account for almost 75% of all raw sugar traded globally this year, according to consultancy firm Datagro.
Photographer: Patricia Monteiro/BloombergThis article is for subscribers only.
Global sugar supplies are seen shrinking to the lowest level in six years in early 2025 as drought hampers production in top exporter Brazil, according to commodities trader Czarnikow Group Ltd.
Extreme dryness has eroded sugar-cane crop conditions, limiting mills’ ability to produce sugar in the latter months of the current season and signaling a delayed start to next year’s harvest, Pedro Mizutani, Czarnikow head of raw sugar trading, said during a conference in Sao Paulo.