Cane Sugar - Raw: Market Size & Forecast 2026

The global raw cane sugar market is valued at approximately USD 52 billion in 2025 (base year), growing at a 2.8% CAGR through 2032 against a backdrop of record Brazilian supply, moderating prices from the multi-year highs set in 2023-2024, and tightening demand-side pressure from health-policy headwinds in mature markets. Record Centre-South Brazil output in the 2025/26 harvest has pushed raw sugar prices to their lowest levels since 2020, with ICE No.11 front-month contracts trading near 14 cents per pound through mid-2026. The cost-of-production floor for 2025/26 sits around USD 360 per tonne FOB Brazil, providing a structural anchor against which buyers can calibrate spot and contract pricing. HS code 1701.13 governs raw cane sugar trade globally; EU Commission Implementing Regulation 2026/1124 suspended inward processing arrangements for raw cane sugar from May 2026, creating a near

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