In May, the Sugar Price Index averaged 95.1 points. This represents an increase of 6.6 points (7.5%) compared to April and is the highest level since October 2025.
“Elchi” reports, citing the UN Food and Agriculture Organization (FAO), that despite this, the index is 14.3 points (13.1%) lower compared to the same period last year.
The increase is mainly due to expectations of a decline in global sugar supply. Expectations that a large portion of sugarcane in Brazil’s main production regions will be diverted to ethanol production have driven up the price of this commodity.