March NY world sugar #11 (SBH26) on Thursday closed down -0.28 (-1.90%), and March London ICE white sugar #5 (SWH26) closed down -6.40 (-1.52%). Sugar prices fell sharply on Thursday to 1-week lows today amid prospects of higher sugar exports from India, after India's food secretary said the government may permit additional sugar exports to reduce a domestic supply glut.  Last month, India's food ministry said it would allow mills to export 1.5 MMT of sugar in the 2025/26 season.  India introduced a quota ...

March NY world sugar #11 (SBH26) on Monday closed up +0.02 (+0.14%), and March London ICE white sugar #5 (SWH26) closed down -3.00 (-0.70%). Sugar prices settled mixed on Tuesday.  Ramped-up sugar production in India is limiting the upside in sugar prices.  Last Monday.  The India Sugar Mill Association (ISMA) reported 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 cane as of November 30, up from 376 a year ago. M ...

March NY world sugar #11 (SBH26) today is up +0.15 (+1.02%), and March London ICE white sugar #5 (SWH26) is up +6.50 (+1.54%). Sugar prices are climbing today on some 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 Sugar prices fell sharp ...

March NY world sugar #11 (SBH26) on Monday closed down -0.45 (-2.96%), and March London ICE white sugar #5 (SWH26) closed down -14.40 (-3.31%). Sugar prices fell sharply to 1-week lows on Monday as India ramped up sugar production.  The India National Federation of Cooperative Sugar Factories Ltd reported Monday that Indian sugar production from Oct-Nov jumped +50% y/y to 4.1 MMT.  The India Coop also reported that 424 sugar mills in India were crushing cane as of November 30, up from 382 a year ago, with ...

March NY world sugar #11 (SBH26) today is up +0.05 (+0.33%), and March London ICE white sugar #5 (SWH26) is down -1.60 (-0.37%). Sugar prices are mixed today, with NY sugar posting a 5-week high.  Strength in the Brazilian real (^USDBRL) is supportive of sugar prices, as the real rose to a 1-week high against the dollar today, discouraging export sales by Brazil's sugar producers. More News from Barchart Sugar also has carryover support from Wednesday when StoneX cut its Brazil 2026/27 Center-South sug ...

March NY world sugar #11 (SBH26) on Tuesday closed down -0.10 (-0.68%), and March London ICE white sugar #5 (SWH26) closed up +2.10 (+0.50%). Sugar prices settled mixed on Tuesday.  Prices have a negative carryover from Monday when the International Sugar Organization (ISO) forecast a 1.625 million MT sugar surplus in 2025-26, following a 2.916 million MT deficit in 2024-25.  ISO said the surplus is being driven by increased sugar production in India, Thailand, and Pakistan.  In August, ISO had previously ...

March NY world sugar #11 (SBH26) on Wednesday closed up +0.27 (+1.89%), and December London ICE white sugar #5 (SWZ25) closed up +9.90 (+2.43%). Sugar prices settled sharply higher on Wednesday, with NY sugar posting a 1-week high.  Short covering emerged in sugar futures on Wednesday on signs that India may export less sugar than initially expected, after Bloomberg reported that India's food ministry is considering a proposal to allow sugar mills to export 1.5 MMT in the 2025/26 season, below earlier est ...

March NY world sugar #11 (SBH26) today is up +0.30 (+2.11%), and December London ICE white sugar #5 (SWZ25) is up +9.70 (+2.38%). Sugar prices are moving sharply higher today, with NY sugar posting a 1-week high.  Short covering emerged in sugar futures today on signs that India may export less sugar than initially expected, as Bloomberg reported that India's food ministry is considering a proposal to allow sugar mills to export 1.5 MMT in the 2025/26 season, below earlier estimates of 2 MMT.  India intro ...

Core Insights - Sugar prices have declined significantly, with NY sugar reaching a 4.5-year low and London sugar hitting a 4.25-year low, influenced by increased sugar output in Brazil and expectations of robust global supplies [2][3][4] Price Trends - March NY world sugar 11 is down -0.32 (-2.09%) and December London ICE white sugar 5 is down -6.70 (-1.53%) [1] - Sugar prices experienced a temporary recovery due to rising crude oil prices but have since reverted to weakness [2] Supply Dynamics - Brazil's Center-South sugar output increased by +10.8% year-on-year to 3.137 million tons in the second half of September, with the percentage of sugarcane crushed for sugar rising to 51.17% from 47.73% [3] - Projections indicate Brazil's Center-South sugar production for 2026/27 will rise by +3.9% year-on-year to a record 44 million tons [4] Global Supply Outlook - BMI Group forecasts 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 [4] - India's sugar production is expected to rebound by +19% year-on-year to 34.9 million tons for 2025/26, following a significant decline in 2024/25 [5]

Core Insights - Sugar prices are experiencing downward pressure, with NY sugar reaching a 4.5-year low and London sugar hitting a 4.25-year low due to increased sugar production in Brazil and favorable weather conditions in India [1][2][4]. Group 1: Sugar Production and Supply - 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] - Cumulative sugar output for the 2025-26 season in Brazil rose by 0.8% year-on-year to 33.524 million tons [2] - Datagro projects Brazil's Center-South sugar production for 2026/27 to rise by 3.9% year-on-year to a record 44 million tons [3] Group 2: Global Sugar Surplus - 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 3: India's Sugar Production and Export Outlook - India's sugar production for 2025/26 is projected to increase by 19% year-on-year to 34.9 million tons, following a decline of 17.5% year-on-year in 2024/25 to a five-year low of 26.2 million tons [4] - India's Meteorological Department reported cumulative monsoon rainfall of 937.2 mm as of September 30, which is 8% above normal, indicating a strong monsoon season [4] Group 4: Ethanol Diversion and Export Expectations - Sucden reported that India may divert 4 million tons of sugar for ethanol production in 2025/26, which may not sufficiently alleviate the sugar surplus and could lead to increased exports of up to 4 million tons [5]