March NY world sugar #11 (SBH26) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26) is down -1.40 (-0.33%). Sugar prices are under pressure today from a slump in crude oil prices.  WTI crude (CLF26) sank to a 4.75-year low today, 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 defensive from Monday ...

March NY world sugar #11 (SBH26) today is down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26) is down -0.80 (-0.19%). Sugar prices gave up early gains today and turned lower after crude oil prices plunged.  WTI crude (CLF26) tumbled more than -2% today to a 7-week low, 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 have retre ...

March NY world sugar #11 (SBH26) today is up +0.01 (+0.07%), and March London ICE white sugar #5 (SWH26) is down -2.90 (-0.68%). Sugar prices are mixed today.  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. More News from Barchar ...

March NY world sugar #11 (SBH26) on Tuesday closed up +0.09 (+0.61%), and March London ICE white sugar #5 (SWH26) closed up +3.00 (+0.71%). Sugar prices settled higher on Tuesday amid a weaker dollar (DXY00), 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 ethan ...

Core Insights - Sugar prices experienced a slight increase on Friday after a week of significant losses, with NY sugar closing up by 0.52% and London sugar by 0.24% [1] - Brazil's sugar production is on the rise, contributing to increased supply and downward pressure on prices, with a reported 18% year-on-year increase in sugar output for the second half of August [2][4] - The International Sugar Organization forecasts a global sugar deficit for the 2025/26 season, marking the sixth consecutive year of deficits, although the projected deficit is improving compared to the previous year [6] Price Movements - NY world sugar 11 closed at +0.08 (+0.52%) and December London ICE white sugar 5 closed at +1.10 (+0.24%) [1] - Sugar prices have been in a downtrend over the past six months due to expectations of higher production in Brazil [4] Production Insights - Brazil's Center-South sugar output in the second half of August rose to 3.872 million tons, an 18% increase year-on-year, with a higher percentage of sugarcane being crushed for sugar [2] - Cumulative sugar output in Brazil for the 2025-26 season through August fell by 1.9% year-on-year to 26.758 million tons [2] Market Dynamics - India's potential diversion of 4 million tons of sugar for ethanol production in 2025/26 may lead to increased exports, with sugar mills expected to export up to 4 million tons, exceeding earlier estimates [3] - An excessively short position by funds in NY sugar futures could lead to gains during any short-covering rally, with net-short positions increasing significantly [5] Global Outlook - The International Sugar Organization projects a global sugar production increase of 3.3% year-on-year to 180.6 million tons for the 2025/26 season, while global consumption is expected to rise by 0.3% to 180.8 million tons [6]

Group 1 - Sugar prices experienced moderate losses, with October NY world sugar closing down 0.11 (-0.69%) and October London ICE white sugar down 1.70 (-0.35%) [1] - The Indian Sugar and Bio-energy Manufacturers Association has requested permission to export 2 million metric tons (MMT) of sugar for the 2025/26 season, which may impact global sugar supply dynamics [1] - Brazil's sugar production outlook is positive, with a reported 16% year-on-year increase in sugar output in the first half of August, reaching 3.615 million metric tons (MT) [3] Group 2 - Brazil's sugar mills are prioritizing sugar production over ethanol, leading to an increase in sugarcane crushed for sugar, driven by drier cane crops [4] - The International Sugar Organization (ISO) forecasts a global sugar deficit of 231,000 MT for the 2025/26 season, marking the sixth consecutive year of deficits, although this is an improvement from a 4.88 million metric ton shortfall in 2024/25 [5] - Brazil's government crop forecasting agency, Conab, has reduced its 2025/26 sugar production estimate by 3.1% to 44.5 MMT, citing lower sugarcane yields due to drought and excessive heat [6]

Core Insights - Sugar prices are experiencing upward movement due to a rally in WTI crude oil, which has led to short covering in sugar futures [1] - Brazil's sugar production outlook is mixed, with a reported increase in output for the first half of August but a cumulative decrease for the 2025-26 season [2][5] - The International Sugar Organization forecasts a global sugar deficit for the 2025/26 season, although production is expected to rise [4] Group 1: Sugar Price Movements - October NY world sugar 11 is up by +1.34%, while October London ICE white sugar 5 is up by +0.65% [1] - A +1% increase in WTI crude oil prices is contributing to the rise in sugar prices, as higher crude prices may lead to reduced sugar supplies due to increased ethanol production [1] Group 2: Brazil's Sugar Production - Brazil's Center-South sugar output in the first half of August rose by +16% year-on-year to 3,615 million tons, with the percentage of sugarcane crushed for sugar increasing to 55.00% [2] - However, cumulative sugar output for the 2025-26 season is down -4.7% year-on-year to 22.886 million tons [2] - Conab has reduced its Brazil 2025/26 production estimate by 3.1% to 44.5 million tons, citing lower sugarcane yields due to adverse weather conditions [5] Group 3: Global Sugar Supply and Demand - The International Sugar Organization projects a global sugar deficit of -231,000 tons for the 2025/26 season, improving from a -4.88 million ton shortfall in 2024/25 [4] - Global sugar production is expected to rise by +3.3% year-on-year to 180.6 million tons, while consumption is projected to increase by +0.3% year-on-year to 180.8 million tons [4] - Czarnikow has projected a 7.5 million ton global sugar surplus for the 2025/26 season, the largest surplus in eight years [6]