Analysis DATAGRO
NY May 2026 raw sugar dropped 7 points yesterday to US$ 13.68 c/lb, the lowest level for the front-month contract since February 9th, 2018, reflecting the perception of greater sugar availability in the short term.
NY #11: losses were partially limited by a sharp rally in the oil market following the failure of peace negotiations between the U.S. and Iran and the imposition of a blockade of the Strait of Hormuz by the U.S.
Thailand: average precipitation in March totaled only 17.2 mm, down 53.4% YoY, contributing to the advancement of crushing operations.
Thailand: mills processed an average of 914 k mt of cane per day in March (up 80.5% YoY).
Thailand: cumulative cane crushing reached 104.39 mmt on April 5th (up 13.4% YoY), reversing the initial crushing delay and marking the highest level for the period since 18/19.
Thailand: industrial yield also showed consistent improvement, reaching 112.86 kg of sugar/mt of cane in the cumulative period through April 5th (up 3.4% YoY).
Thailand: sugar production totaled 11.78 mmt, tel quel, in the cumulative period through April 5th (up 17.2% YoY), also representing the highest level for the period since 18/19.
Thailand: for April, forecasts indicate the continuation of dry weather, with rainfall expected to remain below climatological normal across most producing regions.
Germany: the 25/26 crop was officially concluded, with beet harvest reaching 28.62 mmt (down 12.5% YoY), while average yields stood at 82.1 mt/ha (down 3.1% YoY).
Germany: favorable weather conditions increased the average sugar content by nearly 8% to 17.59%, leading to total beet sugar production of 4.4 mmt (down 4.7% YoY).
Brazil: hydrous ethanol prices at the pump are now more competitive than gasoline in Goiás (69.79%), Mato Grosso (68.09%), Mato Grosso do Sul (68.04%), Paraná (69.70%), São Paulo (67.56%), and Roraima (69.87%).
Brazil: these states together represent 42.8% of Otto-cycle fuel consumption in 2026, compared to 53.8% on the same date last year.
Indonesia’s sugar production reached 2.67 mmt in 2025, compared to 2.47 mmt in 2024, and 2.23 mmt in 2023.
Agenda para hoje
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