March NY world sugar #11 (SBH26) on Tuesday closed down -0.13 (-0.87%), and March London ICE white sugar #5 (SWH26) closed down -3.40 (-0.80%). Sugar prices retreated on Tuesday due to a slump in crude oil prices.  WTI crude (CLF26) sank to a 4.75-year low on Tuesday, which undercuts ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies. More News from Barchart Sugar prices were already on the defens ...

March NY world sugar #11 (SBH26) on Wednesday closed down -0.05 (-0.33%), and March London ICE white sugar #5 (SWH26) closed down -3.20 (-0.75%). Sugar prices fell on Wednesday amid expectations of larger sugar supplies from India.  On Monday, sugar prices fell sharply to 1-week lows amid India's ramped-up sugar production.  The India Sugar Mill Association (ISMA) reported Monday that Indian sugar production from Oct-Nov jumped +43% y/y to 4.11 MMT.  The ISMA also reported that 428 sugar mills in India we ...

March NY world sugar #11 (SBH26) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26) is down -2.90 (-0.68%). Sugar prices are moving lower today amid an outlook for larger sugar supplies from India.  On Monday, sugar prices fell sharply to 1-week lows amid India's ramped-up sugar production.  The India Sugar Mill Association (ISMA) reported Monday that Indian sugar production from Oct-Nov jumped +43% y/y to 4.11 MMT.  The ISMA also reported that 428 sugar mills in India were crushing ...

March NY world sugar #11 (SBH26) on Tuesday closed up +0.22 (+1.49%), and March London ICE white sugar #5 (SWH26) closed up +8.30 (+1.97%). Sugar prices rose on Tuesday amid bullish news from the European Union.  European sugar producers are expected to cut sugar acreage by 10% for the 2026-27 season, following a 10% drop in sugar beet acreage for the current 2025-26 season, according to a representative from the annual cane and beet growers conference in London. More News from Barchart On Monday, sugar ...

Core Insights - Sugar prices have shown mixed performance, with NY sugar reaching a 5-week high while London sugar declined slightly, influenced by the strength of the Brazilian real which discourages exports [1][2] Supply and Production - StoneX has revised Brazil's 2026/27 Center-South sugar production estimate down to 41.5 million metric tons (MMT) from 42.1 MMT, indicating potential supply constraints [2] - India's food ministry is considering increasing the price of ethanol for gasoline blending, which may lead to a shift in sugar production towards ethanol, thereby reducing sugar supplies [2] - The International Sugar Organization (ISO) forecasts a sugar surplus of 1.625 million metric tons for 2025-26, driven by increased production in India, Thailand, and Pakistan, contrasting with a previous deficit forecast [4] - Brazil's crop forecasting agency, Conab, has raised its 2025/26 sugar production estimate to 45 MMT, indicating robust output that may pressure prices [6] Market Dynamics - The outlook for global sugar supplies has negatively impacted prices since early October, with significant drops in both London and NY sugar prices due to anticipated surpluses [5] - Czarnikow has increased its global sugar surplus estimate for 2025/26 to 8.7 MMT, reflecting a growing concern over supply outpacing demand [5] - Brazil's Center-South sugar output in the second half of October rose by 16.4% year-on-year, with an increase in the percentage of sugarcane crushed for sugar, further contributing to the bearish outlook [6]

March NY world sugar #11 (SBH26) on Wednesday closed up +0.23 (+1.54%), and March London ICE white sugar #5 (SWH26) closed up +5.70 (+1.33%). Sugar prices rallied sharply to 5-week highs on Wednesday after StoneX cut its Brazil 2026/27 Center-South sugar production estimate to 41.5 MMT from a September estimate of 42.1 MMT. More News from Barchart Sugar also has support from the recent news that India's food ministry said it was considering boosting the price of ethanol used for gasoline blending, whic ...

Core Insights - Sugar prices are experiencing upward movement due to a weaker dollar and recent developments in India's ethanol pricing policy, which may lead to reduced sugar supplies as mills shift focus to ethanol production [2][3] - The International Sugar Organization (ISO) has forecasted a significant sugar surplus of 1.625 million MT for the 2025-26 marketing year, driven by increased production in key countries [4] - Brazil's record sugar output is contributing to bearish price trends, with production estimates for 2025-26 raised to 45 million MT, indicating a strong supply outlook [6] Price Movements - March NY world sugar 11 is up +0.05 (+0.34%), while March London ICE white sugar 5 is up +2.00 (+0.47%) [1] - Sugar prices have been consolidating below recent one-month highs, influenced by external factors such as currency fluctuations and domestic policy changes in India [2] Supply Dynamics - India's food ministry's decision to allow mills to export 1.5 million MT of sugar in the 2025/26 season is a reduction from earlier estimates, indicating tighter domestic supplies [3] - The ISO's forecast of a +3.2% year-on-year increase in global sugar production to 181.8 million MT for 2025-26 suggests a shift in market dynamics [4] Market Sentiment - The outlook for robust global sugar supplies has negatively impacted sugar prices, with recent lows recorded in both London and NY markets [5] - Czarnikow's updated estimate of an 8.7 million MT global sugar surplus for 2025/26 reflects growing concerns over supply outpacing demand [5]

March NY world sugar #11 (SBH26) today is up +0.14 (+0.95%), and March London ICE white sugar #5 (SWH26) is up +2.50 (+0.59%). Sugar prices are posting moderate gains today as they continue to consolidate below last Wednesday's 1-month highs.  Sugar is supported by the recent news that India's food ministry said it was considering boosting the price of ethanol used for gasoline blending, which could encourage India's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thu ...

March NY world sugar #11 (SBH26) today is up +0.02 (+0.14%), and March London ICE white sugar #5 (SWH26) is up +1.00 (+0.35%). Sugar prices rallied to 3.5-week highs today on positive carryover from Tuesday, when India's food ministry said it was considering boosting the price of ethanol used for gasoline blending, which could encourage India's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus reducing sugar supplies. More News from Barchart However, sugar prices ...

Core Insights - Sugar prices have recently increased due to a rally in crude oil prices, which has led to short-covering in sugar futures [1] - Brazil's sugar production is projected to rise significantly, contributing to a robust global sugar supply outlook [2][3] - India's favorable monsoon conditions are expected to lead to a substantial increase in sugar production, negatively impacting sugar prices [4] Group 1: Sugar Price Movements - March NY world sugar 11 closed up +0.19 (+1.26%) and December London ICE white sugar 5 closed up +3.30 (+0.76%) [1] - Sugar prices have been under pressure for the past seven months, with NY sugar reaching a 4.5-year low and London sugar a 4.25-year low due to increased sugar output in Brazil [2] Group 2: Brazil's Sugar Production - Brazil's Center-South sugar output in the second half of September rose by +10.8% year-on-year to 3.137 million tons [2] - The percentage of sugarcane crushed for sugar in Brazil increased to 51.17% from 47.73% year-on-year [2] - Projections indicate Brazil's Center-South sugar production will increase by +3.9% year-on-year to a record 44 million tons in 2026/27 [3] Group 3: Global Sugar Supply Outlook - BMI Group projects a global sugar surplus of 10.5 million tons for 2025/26, while Covrig Analytics projects a surplus of 4.1 million tons for 2025/25 [3] Group 4: India's Sugar Production - India's sugar production is expected to rise by +19% year-on-year to 34.9 million tons for 2025/26, following a significant decline in 2024/25 [4] - Cumulative monsoon rainfall in India was reported at 937.2 mm, 8% above normal, indicating the strongest monsoon in five years [4]