According to reports, consulting firm StoneX said on Friday that due to bad weather and fires affecting major production areas, the amount of sugar cane pressed in central and southern Brazil is expected to drop 3.2% from the previous year to 593.2 million tons in 2025/26. According to StoneX, this will be the second year in a row that the amount of sugar cane pressed in Brazil's main sugar producing belt has declined. The company expects sugar cane pressing to drop 6.3% in 2024/25, after setting a record in the previous year. “The initial outlook for 2025/26 remains uncertain,” StoneX said in a report. The report also said that since the region has been in a state of “severe water shortage” since November 2023, there will be a “serious need” for rainfall starting in October. Brazil is currently the world's largest sugar supplier, accounting for 70% of the world's sugar export trade. Many regions of the country are facing historic droughts that have affected crops such as sugar cane. In recent months, fires across the country have made the market more worried.

According to reports, consulting firm StoneX said on Friday that due to bad weather and fires affecting major production areas, the amount of sugar cane pressed in central and southern Brazil is expected to drop 3.2% from the previous year to 593.2 million tons in 2025/26. According to StoneX, this will be the second year in a row that the amount of sugar cane pressed in Brazil's main sugar producing belt has declined. The company expects sugar cane pressing to drop 6.3% in 2024/25 after setting a record in the previous year. “The initial outlook for 2025/26 remains uncertain,” StoneX said in a report. The report also said that since the region has been in a state of “severe water shortage” since November 2023, there will be a “serious need” for rainfall starting in October. Brazil is currently the world's largest sugar supplier, accounting for 70% of the world's sugar export trade. Many regions of the country are facing historic droughts that have affected crops such as sugar cane. In recent months, fires across the country have made the market more worried.