March NY world sugar #11 (SBH26) today is down -0.22 (-1.47%).  March London ICE white sugar #5 (SWH26) is down -6.90 (-1.57%). Higher global sugar production is weighing on prices.  On Wednesday, Unica reported that Brazil's cumulative 2025-26 Center-South sugar output through December rose by +0.9% y/y to 40.222 MMT.  Also, the ratio of cane crushed for sugar rose to 50.82% in 2025/36 from 48.16% in 2024/25. More News from Barchart On Monday, the India Sugar Mill Association (ISMA) reported that Ind ...

March NY world sugar #11 (SBH26) on Thursday closed down -0.11 (-0.75%).  March London ICE white sugar #5 (SWH26) closed down -2.70 (-0.64%). Sugar prices extended this week's sell-off on Thursday, with NY sugar falling to a 1-month low and London sugar dropping to a 2-month low.  Strength in India's sugar production is undercutting prices after the National Federation of Cooperative Sugar Factories Ltd., a sugar producers group in India, reported Thursday that the country's 2025-26 sugar output climbed t ...

March NY world sugar #11 (SBH26) today is down -0.07 (-0.48%).  March London ICE white sugar #5 (SWH26) is down -1.40 (-0.33%). Sugar prices extended this week's sell-off today, with NY sugar falling to a 1-month low and London sugar dropping to a 2-month low.  Strength in India's sugar production is undercutting prices after the National Federation of Cooperative Sugar Factories Ltd., a sugar producers group in India, reported today that the country's 2025/26 sugar output climbed to 15.9 MMT from Oct 1-J ...

Core Viewpoint - Sugar prices are experiencing volatility due to varying production forecasts and export policies from major producing countries like Brazil and India, leading to both bullish and bearish market sentiments. Group 1: Price Movements - March NY world sugar 11 (SBH26) decreased by -0.11 (-0.72%) while March London ICE white sugar 5 (SWH26) increased by +3.30 (+0.76) [1] - Sugar prices faced long liquidation pressure after an earlier rally, influenced by forecasts of reduced sugar production in Brazil for the 2026/27 season [2] Group 2: Production Forecasts - Brazil's sugar production is expected to decline by -3.91% to 41.8 million metric tons (MMT) in 2026/27 from 43.5 MMT in 2025/26, with exports projected to fall -11% year-on-year to 30 MMT [2] - India's sugar production estimate for 2025/26 was raised to 31 MMT, reflecting an increase of +18.8% year-on-year, with production from October 1 to December 15 showing a +28% year-on-year increase to 7.83 MMT [4] - Brazil's crop forecasting agency, Conab, raised its 2025/26 sugar production estimate to 45 MMT from 44.5 MMT, while Unica reported a +1.1% year-on-year increase in cumulative sugar output to 39.904 MMT [5] Group 3: Export Policies - India's government may permit additional sugar exports to alleviate a domestic supply glut, allowing mills to export 1.5 MMT of sugar in the 2025/26 season [3] - The Indian Sugar Mill Association (ISMA) has adjusted its estimate for sugar used for ethanol production down to 3.4 MMT, potentially increasing sugar exports [4] Group 4: Market Outlook - The International Sugar Organization (ISO) forecasts a sugar surplus of 1.625 million metric tons in 2025-26, driven by increased production in India, Thailand, and Pakistan, following a deficit in the previous year [6] - Czarnikow has increased its global sugar surplus estimate for 2025/26 to 8.7 MMT, up +1.2 MMT from earlier estimates [6]

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) on Monday closed down -0.15 (-0.99%), and March London ICE white sugar #5 (SWH26) closed down -3.00 (-0.70%). Sugar prices settled lower on Monday due to higher Indian sugar output and a slide in crude oil prices.  The India Sugar Mill Association (ISMA) reported Monday that Indian sugar production from Oct 1-Dec 15 jumped +28% y/y to 7.8 MMT. More News from Barchart Weakness in crude oil (CLF26) undercuts ethanol prices and may prompt the world's sugar mills to diver ...

March NY world sugar #11 (SBH26) today is down -0.16 (-1.06%), and March London ICE white sugar #5 (SWH26) is down -3.20 (-0.75%). Sugar prices are falling today amid higher Indian sugar output and a slide in crude oil prices.  The India Sugar Mill Association (ISMA) reported today that Indian sugar production from Oct 1-Dec 15 jumped +28% y/y to 7.8 MMT. More News from Barchart Weakness in crude oil (CLF26) undercuts ethanol prices and may prompt the world's sugar mills to divert more cane crushing ...

March NY world sugar #11 (SBH26) on Thursday closed down -0.06 (-0.40%), and March London ICE white sugar #5 (SWH26) closed down -1.90 (-0.45%). Sugar prices gave up early gains on Thursday and turned lower after crude oil prices plunged.  WTI crude (CLF26) tumbled to a 7-week low on Thursday, 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 pric ...

Core Insights - Sugar prices have declined due to increased production in major producing countries, particularly India and Brazil, leading to a bearish outlook for the market [2][3][4] Group 1: Sugar Price Movements - March NY world sugar 11 is down -0.01 (-0.07%) and March London ICE white sugar 5 is down -0.80 (-0.19%) [1] - Sugar prices have retreated to 3-week lows, influenced by a surge in production in India and Brazil [2] - The International Sugar Organization (ISO) forecasts a sugar surplus of 1.625 million MT for 2025-26, reversing a previous deficit [4] Group 2: Production Insights - Indian sugar production from October to November increased by +43% year-on-year to 4.11 million MT, with 428 sugar mills crushing cane as of November 30, up from 376 a year ago [2] - Brazil's sugar production estimate for 2025/26 has been raised to 45 million MT, with a reported increase of +8.7% year-on-year in the first half of November [3] - Cumulative sugar output in Brazil's Center-South region through mid-November rose by +2.1% year-on-year to 39.179 million MT [3] Group 3: Market Outlook - The robust global sugar supply outlook has pressured sugar prices since early October, with London sugar reaching a 4.75-year low and NY sugar hitting a 5-year low [5] - Czarnikow has increased its global sugar surplus estimate for 2025/26 to 8.7 million MT, reflecting a significant rise from previous estimates [5]

Core Viewpoint - Sugar prices have experienced fluctuations due to varying production levels in major producing countries, with recent data indicating a bearish outlook for future prices driven by increased output in India and Brazil [2][3][4]. Group 1: Sugar Price Movements - On March 1, NY world sugar 11 closed up by 0.24 (+1.64%), while March London ICE white sugar 5 closed up by 7.30 (+1.74%) due to dollar weakness prompting short-covering in sugar futures [1]. - Sugar prices have retreated to three-week lows recently, primarily due to increased production in India and Brazil [2]. Group 2: Production Insights - The India Sugar Mill Association (ISMA) reported a significant increase in Indian sugar production, with a 43% year-on-year rise to 4.11 million metric tons (MMT) for the period of October-November [2]. - Brazil's Conab raised its sugar production estimate for 2025/26 to 45 MMT, reflecting a positive outlook for Brazilian sugar output [3]. - Brazil's Center-South sugar output increased by 8.7% year-on-year to 983 thousand metric tons (MT) in the first half of November, contributing to the overall increase in sugar production [3]. Group 3: Global Supply and Surplus Forecasts - The International Sugar Organization (ISO) forecasts a sugar surplus of 1.625 million MT for 2025-26, driven by increased production in India, Thailand, and Pakistan, contrasting with a previous deficit forecast [4]. - A robust global sugar supply has negatively impacted sugar prices since early October, with London sugar reaching a 4.75-year low and NY sugar hitting a 5-year low [5]. - Czarnikow has increased its global sugar surplus estimate for 2025/26 to 8.7 MMT, indicating a growing concern over sugar supply outpacing demand [5]. Group 4: India’s Production and Export Potential - The ISMA has raised its 2025/26 India sugar production estimate to 31 MMT, an 18.8% year-on-year increase, which may enhance India's export capabilities [6]. - The reduction in the estimate for sugar used for ethanol production in India from 5 MMT to 3.4 MMT may further support increased sugar exports [6].