Sugar prices expand their losses amid betting on improving supplies

Raw sugar -term contracts have reached its lowest level since September, amid the expectation that global supplies in 2025 would be better than expected. The most active contract fell 1.9% in New York, where traders focus on the expectations of the most important producers, ie Brazil and India. There are bets that India can allow the export of raw sugar early next year, while the weather in Brazil helps the reed crops. In a customer memorandum Thursday, Ricardo Nobra, the most important risk consultant in “Stonex”, pointed out the recent movements by the Indian industry representatives, who asked the government to export up to two million tonnes. It was a request that it repeatedly submitted the association of diabetes and biological factors in India. In Brazil, regular rain over the reed cultivation areas helps the crops before the new crop starting in April. According to Marco Antonio Dos Santos, the rural meteorologist, rain is expected to be in the central and southeastern regions of the country until the end of the year, as well as in the first weeks of January.