According to Brazilian foreign trade data, Brazil exported a total of 1.1846 million tons of sugar and molasses in April 2026. Sugar shipment volumes at Brazil's major ports regained upward momentum in early May, leading to an expansion in the international export schedule.

As the world's largest sugar exporter, Brazil saw its sugar exports reach 1.1846 million tons in April. With port shipment volumes rebounding in early May and export schedules expanding, the global sugar supply is trending toward greater abundance. This bearish factor for international sugar prices is expected to transmit to the domestic market, thereby exerting downward pressure on domestic white sugar spot prices. In the futures market, the Zhengzhou Commodity Exchange's benchmark white sugar contract (SR2609) closed up 38 RMB/ton on May 8, 2026, settling at 5,442 RMB/ton; open interest increased by 12,188 lots. While the market technically appears strong in the short term, expectations of an ample global supply are expected to cap its upside potential, rendering the overall outlook bearish.

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