Fires in Brazil's Cane Fields Threaten Global Sugar Supply

Severe drought and unprecedented fires in Sao Paulo impact sugar production and elevate prices.

Sao Paulo, Brazil's largest sugar-producing state, reports no active fires but remains on high alert.
The fires affected thousands of hectares, with up to 5 million metric tons of sugar cane potentially lost.
Burned sugarcane can still be processed, but quality deteriorates quickly post-burning.
Sugar prices surged over 4% in New York due to the fires and ongoing drought conditions.
Industry experts warn that the damage could impact next year's crop, necessitating replanting in affected areas.