May NY world sugar #11 (SBK26) on Friday closed down -0.11 (-0.69%), and May London ICE white sugar #5 (SWK26) closed down -1.00 (-0.22%). Sugar prices settled lower on Friday and were under pressure from higher production in Brazil as sugar mills divert more cane crushing toward sugar output rather than ethanol.  Unica reported on Friday that cumulative 2025-26 Center-South sugar output (October through mid-March) is up +0.7% y/y to 40.25 MMT, with sugar mills boosting the amount of cane crushed for suga ...

May NY world sugar #11 (SBK26) today is down -0.10 (-0.63%), and May London ICE white sugar #5 (SWK26) is down -0.70 (-0.15%). Sugar prices are under pressure today from higher production in Brazil as sugar mills divert more cane crushing toward sugar output rather than ethanol.  Unica reported today that cumulative 2025-26 Center-South sugar output (October through mid-March) is up +0.7% y/y to 40.25 MMT, with sugar mills boosting the amount of cane crushed for sugar to 50.61% from 48.08% last year. Mo ...

May NY world sugar #11 (SBK26) on Thursday closed up +0.32 (+2.06%), and May London ICE white sugar #5 (SWK26) closed up +5.60 (+1.23%). Sugar prices rallied sharply on Thursday, with NY sugar posting a 5.5-month high.  Sugar prices rallied in sympathy with Thursday'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 som ...

May NY world sugar #11 (SBK26) today is up +0.30 (+1.93%), and May London ICE white sugar #5 (SWK26) is up +13.70 (+3.05%). Sugar prices are sharply higher today, with NY sugar posting a 5-month high and London sugar posting a 5.5-month high.  Today's +4% rally in crude oil prices (CLK26) is bullish for sugar.  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 ...

May NY world sugar #11 (SBK26) today is down -0.15 (-0.96%), and May London ICE white sugar #5 (SWK26) is down -1.80 (-0.40%). Today's plunge in crude oil prices (CLK26) by more than -7% has sparked long liquidation in sugar futures.  The weakness in crude prices undercuts ethanol prices and may encourage the world's sugar mills to decrease ethanol production and boost sugar output. More News from Barchart Sugar prices still have some support amid supply disruptions from the closure of the Strait of H ...

May NY world sugar #11 (SBK26) on Friday closed up +0.33 (+2.15%), and May London ICE white sugar #5 (SWK26) closed up +0.20 (+0.04%). Sugar prices rallied on Friday, with NY sugar hitting a 5-month high. More News from Barchart Soaring gasoline prices are boosting ethanol prices and are bullish for sugar.  Gasoline (RBJ26) rose more than +5% on Friday to a 3.5-year high, which may encourage the world's sugar mills to increase ethanol production at the expense of sugar. Sugar prices are also finding ...

May NY world sugar #11 (SBK26) on Thursday closed up +0.57 (+3.85%), and May London ICE white sugar #5 (SWK26) closed up +13.80 (+3.16%). Sugar prices added to this week's sharp rally on Thursday, climbing to 5-month highs.  Soaring gasoline prices are boosting ethanol prices and are bullish for sugar.  Gasoline (RBJ26) rallied to a 3.5-year high on Thursday, which may encourage the world's sugar mills to increase ethanol production at the expense of sugar. More News from Barchart Sugar prices are als ...

May NY world sugar #11 (SBK26) on Wednesday closed up +0.35 (+2.42%), and May London ICE white sugar #5 (SWK26) closed up +11.40 (+2.68%). Sugar prices rallied sharply on Wednesday, with NY sugar posting a 1.5-month high and London sugar posting a 4.75-month high.   Soaring gasoline prices are boosting ethanol prices and are bullish for sugar.  Gasoline (RBJ26) rallied to a 3.5-year high on Wednesday, which may encourage the world's sugar mills to increase ethanol production at the expense of sugar. Mo ...

Group 1: Sugar Price Trends - Sugar prices increased on Thursday, with May NY world sugar 11 closing up +0.13 (+0.91%) and May London ICE white sugar 5 closing up +0.70 (+0.17%) [1] - The rise in sugar prices was supported by a +7% surge in crude oil prices, which encourages sugar mills to divert cane crushing towards ethanol production, thereby reducing sugar supplies [1] Group 2: Global Sugar Surplus Forecasts - Analysts from Czarnikow expect a global sugar surplus of 3.4 million metric tons (MMT) in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26 [2] - Green Pool Commodity Specialists forecast a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27 [2] - StoneX anticipates 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 sugar 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 fell by -36% year-on-year in the second half of January, but cumulative output through January rose +0.9% year-on-year to 40.24 MMT [4] - India's sugar output from October 1 to February 28 was up +12% year-on-year to 24.75 MMT, with projections for 2025/26 sugar production at 29.3 MMT, also up 12% year-on-year [5]

Sugar Market Overview - Sugar prices are declining due to an 11% drop in crude oil prices, which has led sugar mills to shift production from ethanol to sugar, increasing sugar supplies [1] - The International Sugar Organization (ISO) forecasts a sugar surplus of +1.22 million metric tons (MMT) for the 2025-26 crop year, driven by increased production in India, Thailand, and Pakistan [4] - Analysts predict a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26, indicating ongoing concerns about a global sugar surplus [3] Regional Production Insights - Brazil's sugar production in the second half of January fell by 36% year-on-year to 5,000 MT, although cumulative output for the 2025-26 season rose by 0.9% year-on-year to 40.24 MMT [5] - 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, which is below earlier estimates [6]