Import demand for refined white sugar — particularly ICUMSA 45 grade — has risen significantly across Southeast Asia and the Gulf Cooperation Council (GCC) region in the first quarter of 2025. Industry data points to a combination of factors: rapid expansion in food and beverage manufacturing, reduced domestic sugarcane output in India and Thailand due to erratic monsoon patterns, and growing middle-class consumption in Vietnam, Bangladesh, and Indonesia.

Brazil remains the world's dominant supplier, accounting for over 70% of global refined sugar exports. Brazilian mills are operating at near full capacity, with FOB Santos prices firming as buyers compete for Q2 and Q3 shipments. ICUMSA 45 remains the preferred specification for most importing countries, valued for its high purity, consistent colour, and suitability for direct consumption and industrial use.

For commodity buyers, the key takeaway is lead time. With vessel availability tightening across major South American ports, buyers who secure supply agreements now — backed by confirmed Letters of Credit — are in a stronger position to lock in pricing and shipment windows before the mid-year surge.

CAPA Trading Corp sources ICUMSA 45 directly from certified Brazilian mills, with SGS inspection at origin and full documentation on every shipment. Interested buyers can submit a Letter of Intent via our contact page for a 48-hour response from our trading desk.