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]

Price Movements - March NY world sugar 11 closed down -0.13 (-0.87%) and March London ICE white sugar 5 closed down -3.40 (-0.80%) on Tuesday [1] - Sugar prices retreated due to a slump in crude oil prices, with WTI crude sinking to a 4.75-year low, potentially prompting sugar mills to increase sugar production over ethanol [1] Production Estimates - Indian sugar production from October 1 to December 15 increased by +28% year-on-year to 7.8 million metric tons (MMT) according to the India Sugar Mill Association (ISMA) [2] - Brazil's sugar production estimate for 2025/26 was raised to 45 MMT from 44.5 MMT by Conab, with cumulative sugar output through November rising by +1.1% year-on-year to 39.904 MMT [3] - The amount of cane crushed for sugar in Brazil increased to 51.12% in 2025/26 from 48.34% in 2024/25 [3] Global Sugar Surplus - The International Sugar Organization (ISO) forecasted a sugar surplus of 1.625 million MT for 2025-26, driven by increased production in India, Thailand, and Pakistan, reversing a previous deficit forecast [4] - ISO projected a +3.2% year-on-year rise in global sugar production to 181.8 million MT for 2025-26 [4] - Czarnikow raised its global sugar surplus estimate for 2025/26 to 8.7 MMT, an increase of +1.2 MMT from a previous estimate [4] Indian Sugar Production Impact - ISMA raised its 2025/26 India sugar production estimate to 31 MMT from 30 MMT, reflecting an increase of +18.8% year-on-year [5] - The estimate for sugar used for ethanol production in India was cut to 3.4 MMT from a previous forecast of 5 MMT, potentially allowing for increased sugar exports [5]

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]