Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat.

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.

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.

The U.S. will charge a 50% tariff on Brazilian goods starting Aug. 1, President Donald Trump announced in a letter to the South American country’s government on Wednesday. The real stood at $0. ...

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.