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A special feature examined the evolving relationship between ethanol and sugar prices in Brazil, the world’s largest sugar producer and exporter. The static Vector Error Correction Model (VECM) confirms a long-run linkage between the two markets and indicates statistically significant adjustment in the sugar equation.
-1.6%
Production prospects for the 2026/27 season are dampened by weather uncertainties associated with the predicted emergence of the El Niño phenomenon and sector profitability constraints. As a result, global rice output is forecast to fall 1.6 percent below the 2025/26 high to 552.4 million tonnes.
Updated key developments of the fertilizer market, with production and utilization data covering 2025, trade data extending to April 2026, and price data through May 2026.
432.3 million mt
Global soybean production in 2025/26 is predicted to set a fresh record of 432.3 million tonnes, as continued growth in Brazil and the Russian Federation will likely more than offset anticipated reductions in Argentina, India and North America.
As the 2025/26 (July/June) marketing season concludes, global cereal production for 2025 is estimated at 3 043 million tonnes, representing an increase of 6.1 percent compared to the 2024 output.
Looking forward to the 2026/27 season, world cereal production (including rice in milled equivalent) is expected to decline by 2.0 percent year on year to 2 982 million tonnes.
Supply and demand on Dairy, Meat, Oilcrops, Sugar, and Tea (in process) ->