This week’s episode offers a detailed snapshot of key developments in the global sugar sector, focusing on pricing pressures, policy responses, and production forecasts across major producing and consuming regions.

• India: The State Sugarcane Cultivators Association has proposed increasing the fair and remunerative price (FRP) for sugarcane to ₹4,500 per ton, citing misalignment with production costs. Farmers are also requesting a share of byproduct revenues and urging transparency in weighing procedures at mills. Pest outbreaks in Uttar Pradesh and Bihar’s plan to establish an international research center signal both ongoing challenges and proactive steps to modernize the industry.
• Brazil: USDA-FAS projects a 2.3% year-on-year increase in sugar output for 2025/26, reaching 44.7 million metric tons, while Brazil’s Conab forecasts an even higher figure of 45.875 million tons. However, April data revealed a 38.6% monthly drop in production due to unfavorable weather, tempering short-term optimism.
• Thailand: Sugar output rose 14% year-over-year to 10 million metric tons for the 2024/25 season, contributing to global supply pressure and a potentially bearish outlook for prices.
• Pakistan: Domestic sugar prices have surged, with mills selling above government-set rates. Retailers are pushing back, threatening to suspend sugar sales unless wholesale prices are regulated.
• South Africa: Regulatory reforms may soon allow direct contracts between sugar retailers and growers/millers, aimed at strengthening local industry resilience and safeguarding over one million jobs.
• The Philippines: Production is projected to increase nearly 5% in 2024/25, supported by expanded harvest areas and government-led stabilization efforts, despite ongoing drought conditions.