Mumbai, May 7 -- Global Raw Sugar futures are staying glued near four-year lows. Market are eying elevated output in major producing nations and the Raw Sugar futures are currently down 0.92% at 17.28 cents per pound. Last week, Unica reported that Brazil Center-South sugar production for the first half of April rose 1.3% y/y to 731,000 MT. While this kept prices under check, further bearish cues emerged this week after the USDA's Foreign Agricultural Service (FAS) predicted that India's 2025/26 sugar production would rise of 26% y/y to 35 MMT, citing favorable monsoon rains and increased sugar acreage. USDA has already predicted that Brazil's 2025/26 sugar production would rise 2.3% y/y to 44.7 MMT from 43.7 MMT in the previous season.
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