March NY world sugar #11 (SBH26) today is down -0.23 (-1.54%).  March London ICE white sugar #5 (SWH26) is down -4.90 (-1.15%). Sugar prices are sliding today amid ramped-up production in India.  On Monday, the India Sugar Mill Association (ISMA) reported that India's 2025-26 sugar output from Oct 1-Jan 15 is up +22% y/y to 15.9 MMT. More News from Barchart Higher sugar production in Brazil is also bearish for prices after Unica reported last Tuesday that Brazil's cumulative 2025-26 Center-South sugar ...

March NY world sugar #11 (SBH26) today is down -0.22 (-1.48%).  March London ICE white sugar #5 (SWH26) is down -6.10 (-1.43%). Sugar prices tumbled to 1-week lows today.  Higher sugar production in Brazil is bearish for prices after Unica reported Tuesday that Brazil's cumulative 2025-26 Center-South sugar output through mid-December rose by +0.9% y/y to 40.158 MMT.  Also, the ratio of cane crushed for sugar rose to 50.91% in 2025/36 from 48.19% in 2024/25. More News from Barchart Weakness in the Bra ...

Group 1: Sugar Price Movements - March NY world sugar 11 is up +0.25 (+1.69%) and March London ICE white sugar 5 is up +5.40 (+1.27%) due to recent strength in the Brazilian real, which discourages export sales from Brazil's sugar producers [1] - Sugar prices fell to 2-week lows last Friday on signs of stronger sugar output in India, with Indian sugar production for 2025-26 jumping 25% y/y to 11.90 MMT [2] - NY sugar matched a 2.5-month high on expectations of smaller future sugar supplies from Brazil, with consulting firm Safras & Mercado projecting a -3.91% decline in Brazil's sugar production for 2026/27 [4] Group 2: Indian Sugar Production and Exports - The India Sugar Mill Association (ISMA) raised its 2025/26 sugar production estimate to 31 MMT, up +18.8% y/y, while cutting its estimate for sugar used for ethanol production to 3.4 MMT, potentially boosting sugar exports [2] - India's food ministry announced it would allow mills to export 1.5 MMT of sugar in the 2025/26 season to alleviate domestic supply glut [3] Group 3: Brazilian Sugar Production Outlook - Conab raised its Brazil 2025/26 sugar production estimate to 45 MMT, indicating a bearish outlook for prices due to record sugar output [5] - Unica reported that Brazil's cumulative 2025-26 Center-South sugar output rose by +1.1% y/y to 39.904 MMT, with the ratio of cane crushed for sugar increasing to 51.12% in 2025/26 from 48.34% in 2024/25 [5]

March NY world sugar #11 (SBH26) today is up +0.02 (+0.14%).  March London ICE white sugar #5 (SWH26) is up +1.90 (+0.45%). Sugar prices recovered from early losses today and are slightly higher as strength in the Brazilian real prompted some short covering in sugar futures.  The real (^USDBRL) climbed to a 1-month high against the dollar today, discouraging export sales from Brazil's sugar producers. More News from Barchart Last Friday, sugar prices fell to 2-week lows on signs of stronger sugar outp ...

Group 1: Sugar Price Trends - March NY world sugar 11 closed down -0.42 (-2.75%) and March London ICE white sugar 5 closed down -8.60 (-1.98%) on Tuesday, indicating a decline in sugar prices to 1-week lows due to a rally in the dollar index [1] - Earlier in the month, sugar prices were pressured by expectations of higher sugar exports from India, as the government may permit additional exports to alleviate a domestic supply glut [3] - The outlook for record sugar output in Brazil is bearish for prices, with Conab raising its 2025/26 sugar production estimate to 45 million metric tons (MMT) from 44.5 MMT [5] Group 2: Production Estimates - Brazil's sugar production in 2026/27 is expected to fall by -3.91% to 41.8 MMT from 43.5 MMT in 2025/26, with exports anticipated to decline by -11% year-on-year to 30 MMT [2] - The India Sugar Mill Association (ISMA) raised its 2025/26 sugar production estimate to 31 MMT, an increase of +18.8% year-on-year, while also cutting the estimate for sugar used for ethanol production [4] - Brazil's cumulative 2025-26 Center-South sugar output through November rose by +1.1% year-on-year to 39.904 MMT, with the ratio of cane crushed for sugar increasing to 51.12% in 2025/26 from 48.34% in 2024/25 [5]

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 ...

Group 1: Sugar Price Trends - Sugar prices are declining due to an anticipated increase in sugar supplies from India, with March NY world sugar 11 down by 0.20% and March London ICE white sugar 5 down by 0.68% [1][2] - On November 30, the Indian Sugar Mill Association reported a 43% year-on-year increase in sugar production to 4.11 million metric tons (MMT) [2] - Brazil's sugar production forecast for 2025/26 has been raised to 45 MMT, contributing to bearish price outlooks [3] Group 2: Production Insights - Brazil's Center-South sugar output increased by 8.7% year-on-year to 983 thousand metric tons in the first half of November, with cumulative output through mid-November rising by 2.1% year-on-year to 39.179 MMT [3] - The International Sugar Organization forecasts a sugar surplus of 1.625 million metric tons in 2025-26, driven by increased production in India, Thailand, and Pakistan [6] Group 3: Market Influences - Concerns about tighter global supplies previously led to a rally in sugar prices, with a peak at 6-week highs [4] - India's food ministry's consideration to increase ethanol prices could lead to reduced sugar supplies as mills may divert more cane to ethanol production [4] - India has allowed mills to export 1.5 MMT of sugar for the 2025/26 season, which is lower than earlier estimates, indicating a controlled export strategy [5]

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]