Morning Call Oct 01st, 2026

NY #11: October 2026 settled its final trading day at US$ 17.63 c/lb, down 19 points, while March 2027 fell 23 points to US$ 18.61 c/lb. Supply risks remain on the radar, but sluggish physical demand continues to limit the upside potential for prices.
 

NY #11: raw sugar deliveries against the October 2026 contract totaled 28,574 lots, equivalent to 1.452 mmt. Brazil was identified as the main origin, followed by a volume from Central America.
 

Brazil: sugar shipment nominations pace increased this week from 42 to 44 vessels, with a combined cargo of 1.914 mmt (-25.0% YoY). Among the main destinations, Indonesia (8.9%), China (8.8%), and Bangladesh (6.4%) stood out, according to DATAGRO Line-up.
 

Brazil: at Santos Port, the waiting time for berthing at CLI’s 16/17 terminals remained stable at eight days, well below the 15 days recorded in the same period last year.
 

Pakistan: the government moved forward with the implementation of exports of the 200 k mt of authorized surplus sugar, despite the PSMA’s rejection of the quota, as it had requested a larger volume.
 

India: the final week of September brought significant rainfall, with accumulations above 100 mm in the northern and eastern regions of the country. September ended with 124.7 mm of rainfall, 25.1% below climatology, bringing the monsoon-season total to 701.6 mm, 20.1% below normal.
 

India: the forecast indicates the complete withdrawal of the monsoon over the coming days, with rainfall of up to 30 mm expected in northern and central-southern regions of the country over the next 10 days.
 

Thailand: rainfall averaged 323.9 mm in cane-producing areas in September, 70.7% above normal, bringing the cumulative total since the start of the monsoon to 831.2 mm, 15.4% above normal.
 

Thailand: despite the decline in rainfall, the forecast indicates still-significant volumes over the next 10 days, ranging from 50 mm to 100 mm.
 

Indonesia: over the coming days, rainfall accumulations of up to 30 mm are forecast for the Jakarta and Java regions, while rainfall is expected to intensify in Sumatra and Kalimantan, with volumes of up to 100 mm.