CropGPT - Sugar

The weekly report on the global Sugar market for week 48. Brought to you by CropGPT

Show Notes

This week’s global sugar market report.
  • Fiji’s sugar industry continues to face operational challenges due to persistent heavy rainfall, which has hindered activity at both the Labasa and Rarawai mills. In response, the Fiji Sugar Corporation has extended the crushing season at Labasa and is conducting operational trials at Rarawai following fire damage. The corporation is also working to curb cane burning to maintain productivity under difficult weather conditions.
  • In Malaysia, MSM Malaysia Holdings Berhad is preparing for favorable developments in 2026, anticipating a decline in raw sugar prices. The company is enhancing operational efficiency and targeting a 95 percent efficiency rate while managing exports conservatively. Despite improved performance, it continues to navigate pressures from weak global sugar prices and volatile currency and futures markets.
  • India’s Sanjivani sugar factory is planning additional support measures for farmers, potentially expanding subsidies for harvesting and transport costs to a national level. These efforts aim to maintain a fair sugarcane price and protect farmers from predatory pricing, especially in Karnataka.
  • Global sugar pricing remains influenced by complex factors. While India’s export restrictions and Brazil’s revised production numbers signal a bullish market, the International Sugar Organization’s projected global surplus offers a moderating counterpoint. India’s ethanol policies and Brazil’s strong output forecasts are pivotal in shaping short-term global price movements.
  • In the Philippines, sugar production is expected to remain steady at 2.09 million metric tons despite pest challenges and varying outlooks from local and U.S. agencies. The expansion of sugarcane cultivation into former banana plantations may help offset potential yield losses.
  • Finally, Brazil's sugar market dynamics reflect a nuanced picture: while a recent downward forecast for 2026–2027 temporarily boosted prices, the country’s current production remains robust, reaffirming its dominant position in global supply.

What is CropGPT - Sugar?

Sugar news, weather, pricing, production and predictions

Speaker 1:

Welcome to the weekly summary of the global sugar market for 11/30/2025. For more information on any aspect of this report, please visit the CropGPT website for far more detailed reporting and analysis. Certainly. Below is the text with units and abbreviations converted into their full words. Fiji's sugar sector is grappling with adversities tied to adverse weather conditions, predominantly heavy rainfall, hampering the operations of the Labossa and Rarawai mills.

Speaker 1:

An extended crushing season at Labossa has been necessitated by interruptions in the harvesting and transportation process. Concurrently, the Rarawai mill, debilitated by a recent fire incident, is undergoing trials with an aim to resume operations by December. The Fiji Sugar Corporation is actively engaged in supporting the sector, focusing particularly on reducing cane burning to bolster productivity amidst these weather related challenges. Turning our attention to Malaysia, MSM Malaysia Holdings Berhad is strategizing for promising developments by 2026, fueled by projections of declining raw sugar prices. The company is concentrating on bolstering its domestic market while managing export volumes meticulously.

Speaker 1:

Through optimized operations and a controlled production strategy geared towards demand, MSM has successfully reduced its net losses. The firm ensures an impressive operational efficiency rate of 95%. Nevertheless, challenges remain to confront subdued global sugar prices and volatility across the foreign exchange and futures markets. In India, the Sanjivani sugar factory is exploring new support mechanisms to assist sugarcane farmers with costs related to harvesting and transportation, augmenting the current subsidy scheme. Efforts are centered on sustaining a fair sugarcane price of $3,290 per ton.

Speaker 1:

Plans are underway to escalate these support initiatives to a national level, aiming to ease financial strains on farmers. Government support is fortified by measures to protect against unfair pricing practices, particularly focused on Karnataka. Globally, the sugar market is navigating a convoluted web of factors. India's strict export quota and Brazil's updated production figures are indicative of bullish tendencies. However, the International Sugar Organization's forecasted global surplus tempers these signals.

Speaker 1:

India and Brazil are instrumental in global supply dynamics, with India's export quota and ethanol policy significantly impacting short term pricing, while Brazil's robust output forecasts maintain its leadership in the sector. In The Philippines, sugar production is predicted to hold steady at 2,090,000 metric tons despite adversities such as the RSSI pest affecting yield quality. While the United States Department of Agriculture anticipates stable output, the local Sugar Regulatory Administration provides a more conservative forecast. Incremental increases in cultivated areas and output may mitigate potential pest related setbacks attributed to the conversion of former banana plantations into sugarcane farms. In Brazil, Stonex's recent downward revision of the twenty twenty six-twenty seven sugar output forecast created a fleeting positive impact on global sugar prices.

Speaker 1:

Despite this, Brazil's current sugar production remains strong. The National Crop Agency recently increased this year's output forecast, thereby contradicting any potential bullish sentiment from reduced future production estimates. This robust output underscores Brazil's continued dominance in the global sugar market. Remember, our CropGPT site contains far more details and reports about the sugar market, including crop health reports, twenty years of weather data, and even pricing data and earning call analysis. This podcast is just a few selected highlights for the week.