Sao Paulo: Global sugar consumption is likely to grow at a steady pace of about 1.2% per year during the 2026/2027 season, supported mainly by rising demand in developing countries across Asia and Africa. In contrast, people in developed nations are expected to consume less sugar per person as food habits change and other sweeteners replace part of sugar use, reported Brazil-Arab News agency.
The assessment was released on Tuesday (30) by the Center for Advanced Studies in Applied Economics (Cepea) of the University of São Paulo (USP) as part of its regular review of the sugar market. Cepea said the global sugar market is moving toward a situation where supply will be more than sufficient in the 2026/2027 season.
Brazil, the world’s largest producer and exporter of sugar, is expected to increase sugarcane crushing in its key Central-South region. Sugar in Brazil is mainly produced from sugarcane, which is also used to make ethanol.
Cepea said sugar prices in the global market are likely to remain moderate due to comfortable stock levels and strong competition among exporting countries.
