As noted in the organization’s September release, declines in price indices for sugar and (to a lesser extent) vegetable oils, cereals and dairy products slightly lowered FAO’s overall food price index last month.
The main contribution to the decline in the world sugar price index was due to higher than previously expected sugar production in Brazil, as well as a favorable outlook for the sugarcane harvest in India and Thailand.
As previously reported by Logos Press, despite the reduction in sugar beet plantings, the 2025 harvest of this crop in many EU countries will be high. That is, if sugar production in the countries of the bloc will be reduced, it will not be much. As a result, the increase in sugar prices that emerged at the beginning of the new marketing year is unlikely to last the entire season and will be very large. Most likely, the expectations of European sugar producers that the sugar price will “break through the ceiling” of 600 euros per ton will not come true.
Today sugar quotations on the Paris commodity exchange MATIF (Euronext) fell to the level of 458 euro / t (-6.4 p.p.).
