This episode delivers a concise overview of the global sugar market as of November 2, 2025.

• Brazil’s Center-South region reported a sugar production of 33.52 million metric tons for the 2025-2026 season, reflecting a modest 0.8% increase from the previous year. Over half of the harvested cane was directed toward sugar, though ethanol demand and weather variability continue to influence output decisions. Despite strong export activity, Brazil faces increasing global competition due to rising surpluses and changing domestic sugar-to-ethanol production ratios.
• India's sugar output is forecast to rise 19% to 34.9 million metric tons, driven by favorable monsoon conditions. With domestic consumption around 28.5 million metric tons, the resulting surplus has triggered policy debates on exports, ethanol diversion, and market stability. Thailand expects production between 10.3 and 10.5 million metric tons, supported by beneficial rainfall and sustainability investments aimed at improving long-term yields.
• Indonesia plans to reduce sugar imports to between 3.0 and 3.1 million metric tons by 2026 as part of its strategy to boost local production amid global price fluctuations. Tanzania has achieved net exporter status, shipping 85,000 metric tons in 2025 and continuing efforts toward self-sufficiency. In contrast, the Philippines faces a 7.9% production decline due to pest outbreaks and extreme weather, prompting a halt in exports and controversial import policies that have stirred domestic industry backlash.