Trader Wilmar cuts its estimate for Brazil sugar output

Sugar Production Forecast: Wilmar has reduced its forecast for Brazil's centre-south sugar production to between 38.8 million and 40.8 million metric tons, down from an initial estimate of 42 million tons, due to drought and farmland fires impacting crop yields.

Impact of Drought: Brazil is experiencing its worst drought in history, affecting not only sugar but also other crops like coffee and orange, with concerns about the upcoming grain season as farmers await necessary rains for planting soy and corn.