Prices of sugar are rising due to the deteriorating quality of sugarcane in Brazil.
agricultural products
Sugar

Prices of sugar are rising due to the deteriorating quality of sugarcane in Brazil.

Prices for raw sugar on the NY ICE and ICE exchanges have increased due to the weak dollar value and a decrease in sugar production in Brazil. On the NY ICE, the price reached 17.70 cents per pound, on the ICE - $497.70 per ton.

22 May 2025 22 May 2025

On May 21 of the current year, raw sugar prices on the New York Commodity Exchange NY ICE (SBN25) rose by 0.36 cents (+2.08%) to reach 17.70 cents per pound. August contracts for white sugar on the London ICE Exchange (SWQ25) increased by $10.60 (+2.18%) to reach $497.70 per ton, according to information from Barchart.

The rise in prices was a result of the decrease in the dollar index to a two-week low, which prompted the closure of short positions on sugar. Prices also received additional support from data from the Brazilian company Unica: due to the low quality of sugarcane, processors are increasing ethanol production at the expense of reducing sugar output.

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