Raw Sugar futures are staying under pressure as markets eye elevated supplies. The US sugar 11 futures fell half a percent to 16 cents per pound and held around five-week low. Last week, Unica reported Brazil's Center-South sugar output in the first half of July rose 15% on year to 3.4 million metric tonnes or MMT. Also, the amount of sugarcane being crushed for sugar by Brazil's sugar mills has increased to 54% from 50% the same time last year. Market is also looking at steady outlook for Indian cane supplies. India's Meteorological Department has reported that cumulative monsoon rain in India is at 500.8 mm, or 4% above normal as of August 4. The Indian Sugar and Bio-energy Manufacturers Association said last Thursday that it will seek permission to export 2 MMT of sugar in 2025/26.

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