Sugar Prices Plunge to Lowest Levels in More Than 4 Years

Group 1: Sugar Price Trends - March NY world sugar 11 has decreased by 0.51 (-3.41%), while December London ICE white sugar 5 has fallen by 9.10 (-2.11%) [1] - Sugar prices have reached new lows, with NY sugar hitting a 4.5-year low and London sugar a 4.25-year low [1] Group 2: Brazilian Sugar Production - Brazil's Center-South sugar output in the second half of September increased by 10.8% year-on-year to 3.137 million tons [2] - The percentage of sugarcane crushed for sugar by Brazil's sugar mills rose to 51.17% from 47.73% year-on-year [2] - Cumulative sugar output for the 2025-26 season through September increased by 0.8% year-on-year to 33.524 million tons [2] - Projections indicate that Brazil's Center-South sugar production for 2026/27 will rise by 3.9% year-on-year to a record 44 million tons [2] Group 3: Global Sugar Supply Outlook - BMI Group forecasts a global sugar surplus of 10.5 million tons for the 2025/26 season [3] - Covrig Analytics projects a global sugar surplus of 4.1 million tons for the 2025/25 season [3] Group 4: Indian Sugar Production and Exports - India's cumulative monsoon rainfall was reported at 937.2 mm, 8% above normal, indicating a strong monsoon and potential for a bumper sugar crop [4] - Projections suggest India's sugar production for 2025/26 will increase by 19% year-on-year to 34.9 million tons, following a decline of 17.5% year-on-year in 2024/25 to 26.2 million tons [4] - India's sugar mills may export up to 4 million tons of sugar, exceeding earlier expectations of 2 million tons, due to a surplus [5]