Title: Sugar Prices Rise as Brazilian Mills Shift Focus to Ethanol Production

Sugar futures extended their gains for a third consecutive day, marking the longest winning streak in nearly a month, as market participants anticipate that Brazilian mills will prioritize ethanol production. This shift is driven by heavy rainfall in key growing regions, which has disrupted harvests and lowered the sucrose content in the sugarcane crop. Consequently, millers are expected to divert more cane toward ethanol, thereby tightening global sugar supplies and supporting the current price rally.

Source: Bloomberg Generated at: 2026-06-04 12:19:01 UTC