The cost of sugar on world markets in October 2026 increased by 6.6% compared to September, according to data from the Food and Agriculture Organization of the United Nations (FAO), writes agronews.ua with reference to Delo.ua.
The FAO price index for sugar rose to 121.3 points, and this is the highest level since December 2024. In annual terms, sugar has become more expensive by 28.8%, and growth has been ongoing for the fourth month without interruption.
First of all, prices were pushed up by the weather in Brazil, which is the world's largest sugar producer. Due to intense rains in the central-southern regions of the country, the harvesting and processing of sugarcane occurred with delays.
The market is also under pressure from expectations of lower production volumes in India. Monsoon precipitation there was distributed unevenly and was below normal, so risks increased that sugar supply would decrease in the future. Added to this were forecasts of reduced production in the European Union and Thailand in the 2026/27 season.
What will happen to prices next depends on the weather in the main producing countries, the speed of sugarcane processing, and actual production volumes. Ukraine exported 504 thousand tons of sugar in three quarters of the current marketing year.
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