由于全球生产趋势和市场波动，10月中旬食糖期货交易价格约为每磅15.5美分。自10月7日以来，价格一直呈下降趋势，此前科夫里格分析公司预测2025/26年全球糖过剩410万吨。在巴西，中南地区9月下半月的产量为314万吨，比去年增长10.8%，超出预期，使截至10月1日的累计产量达到3352万吨。受巴西强劲产量的支撑，9月国际糖价为每磅16.10美分，而里贝朗普雷托的乙醇平均为每磅16.6美分。在全球范围内，北半球的收成进展顺利，印度、泰国和俄罗斯的产量呈正增长，尽管欧盟的种植面积下降了10%，降低了预期产量。

Sugar futures traded around 15.5 cents per pound in mid-October amid global production trends and market fluctuations. Prices have been trending downward since October 7, after Covrig Analytics forecasted a 4.1 MMT global sugar surplus for the 2025/26 season. In Brazil, the Center-South region produced 3.14 million tons in the second half of September, up 10.8% from last year and exceeding expectations, bringing cumulative output through October 1 to 33.52 million tons. International sugar prices ended September at 16.10 cents per pound, supported by strong Brazilian output, while ethanol in Ribeirão Preto averaged 16.6 cents per pound. Globally, the Northern Hemisphere harvest is progressing well, with India, Thailand, and Russia showing positive yields, though the EU’s planted area fell 10%, reducing expected output.