Global Sugar Prices Rise on Brazil Supply Concerns

London, UK – February 11, 2026 – Global sugar prices saw a modest increase on Tuesday, primarily driven by growing concerns over the upcoming sugarcane harvest in Brazil, the world's largest sugar producer and exporter. Analysts at HiSugar point to recent weather patterns in key Brazilian growing regions, including São Paulo and Minas Gerais, which have been drier than anticipated during the early stages of cane development. While it's still early to predict the full impact on the 2026/27 crop, initial forecasts suggest a potential downward revision from earlier optimistic projections. Futures contracts for raw sugar on the ICE exchange showed a 0.8% rise for March delivery, settling at 21.35 cents per pound. White sugar contracts in London also followed suit, gaining 0.6% to reach $615 per tonne. Traders are closely monitoring meteorological updates and the pace of crushing operations, which are expected to commence in earnest in April. Any significant deviation from average yields could further tighten an already finely balanced global supply, especially with robust demand continuing from Asian markets. The market remains highly sensitive to any news that could affect Brazilian output, underscoring the country's pivotal role in global sugar dynamics.