In addition, Conab, Brazil's crop forecasting agency, raised its Brazil 2025 coffee production estimate to 55.7 million bags from a January estimate of 51.81 million bags.

On Wednesday, the Brazilian real fell as much as 2.8%, its largest single-day decline this year. Fear gauges on currency volatility shot up, with some reaching their highest levels since the ...

On April 29, Conab forecasted Brazil's 2025/26 Brazil sugar production would climb +4.0% y/y to 45.875 MMT. Signs of larger global sugar output are negative for prices.

Sugar prices have support from reduced sugar production in Brazil. Unica reported Monday that cumulative 2025/26 Brazil Center-South sugar output through May is down by -11.6% y/y to 6.954 MMT.