Brazil: Sugar Annual

Post expects Brazil to remain the world's largest producer of sugarcane and sugar in marketing year (MY) 2025/26. Total sugarcane production is forecast at 671 million metric tons (MMT), and total sugar production is forecast at 44.7 MMT, raw value. Sugar production should be favored by greater crystallization capacity of the mills, an increase in the volume of raw material, and a favorable sugar mix. As a result, Brazil is likely to increase sugar exports in MY 2025/26, even with uncertainties in commodity markets and international price volatility. Post forecasts Brazilian sugar exports for MY 2025/26 at 35.8 MMT, raw value, a slight increase of 710,000 metric tons, raw value, compared to MY 2024/25. USTR allocated Brazil's tariff-rate-quota on July 26, 2024. Brazil is the second-largest recipient of the U.S. sugar tariff-rate quota and received an allocation of 155,993 MTRV, which is equivalent to approximately 14 percent of the total TRQ.