May NY world sugar #11 (SBK26) today is up +0.35 (+2.25%), and May London ICE white sugar #5 (SWK26) is up +7.60 (+1.67%). Sugar prices are sharply higher today, with NY sugar posting a 5.5-month high.  Sugar prices are tracking today's +4% surge in crude oil prices (CLK26).  The strength in crude prices boosts ethanol prices and may encourage the world's sugar mills to increase ethanol production and curb sugar output. More News from Barchart Sugar prices also have some support amid supply disruption ...

May NY world sugar #11 (SBK26) today is down -0.29 (-1.83%), and May London ICE white sugar #5 (SWK26) is down -6.90 (-1.49%). Sugar prices are falling today as a -2% slump in crude oil prices (CLK26) has sparked long liquidation in sugar futures. More News from Barchart On Tuesday, NY sugar rallied to a 5-month high, and London sugar to a 5.5-month high, as the recent surge in crude prices to a 3.75-year high is bullish for sugar.  The strength in crude prices boosts ethanol prices and may encourage ...

May NY world sugar #11 (SBK26) today is up +0.28 (+1.97%), and May London ICE white sugar #5 (SWK26) is up +11.40 (+2.76%). Sugar prices are climbing today, with London sugar posting a 1-week high as higher crude oil prices encourage the world's sugar mills to boost ethanol production at the expense of sugar.   WTI crude (CLJ26) is up by more than +2% today, boosting ethanol prices and potentially prompting the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, t ...

May NY world sugar #11 (SBK26) on Monday closed down -0.18 (-1.25%), and May London ICE white sugar #5 (SWK26) closed down -1.30 (-0.31%). Sugar prices were under pressure on Monday from weakness in crude oil prices.  WTI crude (CLJ26) fell by more than -4% on Monday, undercutting ethanol prices and potentially prompting the world's sugar mills to divert more cane crushing toward sugar production rather than ethanol, thereby boosting sugar supplies. More News from Barchart Earlier this month, sugar pr ...

Group 1: Sugar Price Movements - Sugar prices are currently rising but remain below the two-month highs reached earlier in the week, with May NY world sugar 11 up by 0.10 (+0.70%) and May London ICE white sugar 5 up by 0.50 (+0.12%) [1] - The surge in crude oil prices (+8%) is supporting sugar prices, as higher oil prices lead to increased ethanol prices, prompting sugar mills to shift production from sugar to ethanol, thereby reducing sugar supplies [1] Group 2: Global Sugar Surplus Forecasts - Analysts from Czarnikow predict a global sugar surplus of 3.4 million metric tons (MMT) for the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26 [2] - Green Pool Commodity Specialists expect a 2.74 MMT global sugar surplus for 2025/26 and a smaller surplus of 156,000 MT for 2026/27 [2] - StoneX forecasts a global sugar surplus of 2.9 MMT in 2025/26 [2] Group 3: Production Trends - The International Sugar Organization (ISO) forecasts a sugar surplus of 1.22 MMT in 2025-26, driven by increased production in India, Thailand, and Pakistan, with a projected 3.0% year-on-year rise in global sugar production to 181.3 million MMT [3] - Brazil's sugar production in the Center-South region fell by 36% year-on-year in the second half of January, although cumulative output through January rose by 0.9% year-on-year to 40.24 MMT [4] - India's sugar output from October 1 to February 28 increased by 12% year-on-year to 24.75 MMT, with projections for the 2025/26 season set at 29.3 MMT, also a 12% increase year-on-year [5]

Group 1: Sugar Price Trends - Sugar prices have recovered from early losses, supported by rising crude oil prices, with May NY world sugar 11 up by +0.08 (+0.58%) and May London ICE white sugar 5 up by +0.60 (+0.15%) [1] - The surge in WTI crude oil prices to a 13.5-month high may lead sugar mills to shift more cane crushing towards ethanol production, potentially reducing sugar supplies [1] Group 2: Global Sugar Surplus Forecasts - Analysts from Czarnikow project a global sugar surplus of 3.4 million metric tons (MMT) for the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26 [2] - Green Pool Commodity Specialists expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27 [2] - StoneX forecasts a global sugar surplus of 2.9 MMT in 2025/26 [2] Group 3: Production Insights - The International Sugar Organization (ISO) forecasts a +1.22 MMT sugar surplus in 2025-26, driven by increased production in India, Thailand, and Pakistan, with a projected global production rise of +3.0% year-on-year to 181.3 million MMT [3] - Brazil's sugar production in the second half of January fell by -36% year-on-year to 5,000 MT, although cumulative output through January is up by +0.9% year-on-year to 40.24 MMT [4] - Safras & Mercado predicts Brazil's sugar production will decline by -3.91% to 41.8 MMT in 2026/27, with exports expected to fall by -11% year-on-year to 30 MMT [5] Group 4: India's Sugar Production - India's sugar output from October 1 to February 28 was up +12% year-on-year to 24.75 MMT, with a projected total production of 29.3 MMT for 2025/26, which is an increase of 12% year-on-year [6] - The Indian Sugar and Bio-energy Manufacturers Association (ISMA) has revised its estimate for sugar used for ethanol production down to 3.4 MMT from a previous forecast of 5 MMT, potentially allowing for increased sugar exports [6]

May NY world sugar #11 (SBK26) on Wednesday closed down -0.20 (-1.44%), and May London ICE white sugar #5 (SWK26) closed down -5.10 (-1.23%). Sugar prices retreated on Wednesday as the outlook for a global surplus outweighs the geopolitical risks of higher shipping costs from the Iran war. More News from Barchart On February 12, sugar prices plunged to 5.25-year nearest-futures lows on concern that a global sugar surplus will persist.  On February 11, analysts from sugar trader Czarnikow said they expe ...

Group 1: Sugar Price Trends - March NY world sugar 11 is down -0.02 (-0.14%), and May London ICE white sugar 5 is down -0.90 (-0.22%) [1] - Sugar prices are declining due to increased sugar output in India, projected at 29.3 MMT for 2025/26, a 12% increase year-on-year [1][7] Group 2: Brazilian Sugar Market - The Brazilian real has strengthened, reaching a 1.75-year high against the dollar, which is limiting export sales from Brazil's sugar producers [2] - Sugar production in Brazil's Center-South fell by 36% year-on-year in the second half of January to only 5,000 MT, although cumulative output for 2025-26 is up by 0.9% year-on-year to 40.24 MMT [3] - Brazil's sugar production is expected to decline by 3.91% to 41.8 MMT in 2026/27, with exports projected to fall by 11% year-on-year to 30 MMT [6] Group 3: Market Sentiment and Speculation - An excessively short position by funds in NY sugar futures could lead to a short-covering rally, with net short positions reaching a record high of 265,324 [4] - Concerns about a persistent global sugar surplus have led to price declines, with analysts predicting a surplus of 3.4 MMT in 2026/27 and an 8.3 MMT surplus in 2025/26 [5]

March NY world sugar #11 (SBH26) on Tuesday closed up +0.10 (+0.69%), and May London ICE white sugar #5 (SWK26) closed down -1.00 (-0.24%). Sugar prices settled mixed on Tuesday, with NY sugar climbing to a 2.5-week high.  Strength in the Brazilian real (^USDBRL) is supportive for sugar prices.  The real rose +0.31% on Tuesday, just below Monday's 1.75-year high against the dollar, discouraging export sales from Brazil's sugar producers. More News from Barchart An excessive short position by funds in N ...

March NY world sugar #11 (SBH26) today is up +0.10 (+0.69%), and May London ICE white sugar #5 (SWK26) is down -0.30 (-0.07%). Sugar prices are mixed today, with NY sugar climbing to a 2.5-week high.  Strength in the Brazilian real (^USDBRL) is supportive for sugar prices.  The real is up +0.33% today, just below Monday's 1.75-year high against the dollar, discouraging export sales from Brazil's sugar producers. More News from Barchart An excessive short position by funds in NY sugar futures could add ...