March NY world sugar #11 (SBH26) today is up +0.19 (+1.35%), and May London ICE white sugar #5 (SWK26) closed is up +1.30 (+0.32%). Sugar prices are climbing today, with NY sugar posting a 1.5-week high.  Sugar prices jumped today after the US Supreme Court struck down President Trump’s tariffs, potentially allowing Brazil to export more sugar to the US that would shrink global supplies.  Today’s weaker dollar ($DXY) is also supportive for most commodity prices, including sugar. More News from Barchart ...

March NY world sugar #11 (SBH26) today is up +0.27 (+1.95%), and May London ICE white sugar #5 (SWK26) is up +4.90 (+1.22%). Sugar prices are climbing today, with NY sugar posting a 1-week high.  Signs of smaller sugar output in Brazil are lifting prices today after Unica reported that sugar production in the Center-South in the second half of January fell -36% y/y to only 5,000 MT.  However, cumulative 2025-26 Center-South sugar output through January rose by +0.9% y/y to 40.240 MMT.  Also, the ratio of ...

March NY world sugar #11 (SBH26) on Thursday closed down -0.17 (-1.18%), and March London ICE white sugar #5 (SWH26) closed down -3.90 (-0.95%). Sugar prices retreated on Thursday, but remained above Monday's significant lows.  The outlook for global sugar surpluses to persist is weighing on prices.  On Wednesday, analysts from sugar trader Czarnikow said they expect a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26. More News from Barchart On Monday, ...

March NY world sugar #11 (SBH26) on Monday closed down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26) closed up +0.10 (+0.02%). Sugar prices extended their week-long plunge on Monday, with NY sugar falling to a 2.5-month low and London sugar dropping to a 5-year low.   However, oversold conditions in sugar futures prompted some technical short covering, lifting sugar prices off their lows on Monday, with London sugar climbing into positive territory. More News from Barchart The outlook for ...

March NY world sugar #11 (SBH26) on Friday closed down -0.43 (-2.93%), and March London ICE white sugar #5 (SWH26) closed down -7.10 (-1.72%). This week's plunge in sugar prices continued on Friday, with NY sugar dropping to a 2.5-month low and London sugar sinking to a 5-year low.   The outlook for global sugar surpluses and higher global sugar production is hammering prices.  Green Pool Commodity Specialists said Thursday that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surp ...

March NY world sugar #11 (SBH26) on Wednesday closed down -0.12 (-0.81%), and March London ICE white sugar #5 (SWH26) closed down -1.00 (-0.24%). Sugar prices settled lower on Wednesday, with London sugar falling to a 2.5-month low.  Higher global sugar production has been pressuring prices.  Last 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 ...

Core Viewpoint - Sugar prices are experiencing mixed trends, with New York sugar showing modest gains while London sugar has fallen to a 2.5-month low due to various factors including currency fluctuations and global production levels [1][2]. Group 1: Sugar Production and Export Trends - Brazil's cumulative sugar output for the 2025-26 season has increased by 0.9% year-on-year to 40.222 million metric tons (MMT), with a higher ratio of cane crushed for sugar [2]. - India's sugar output for the 2025-26 season has surged by 22% year-on-year to 15.9 MMT, prompting the Indian Sugar Mill Association to raise its production estimate to 31 MMT, an increase of 18.8% year-on-year [3]. - The Indian government is considering allowing additional sugar exports to alleviate a domestic supply glut, with a quota of 1.5 MMT set for the 2025-26 season [4]. Group 2: Market Outlook and Price Pressure - The global sugar surplus is projected to increase, with Covrig Analytics raising its estimate for the 2025-26 surplus to 4.7 MMT, which is expected to exert downward pressure on prices [5]. - Brazil's sugar production forecast has been raised to a record 45 MMT for the 2025-26 season, contributing to a bearish outlook for sugar prices [6].

Group 1: Global Sugar Production and Prices - March NY world sugar 11 is down -0.22 (-1.47%) and March London ICE white sugar 5 is down -6.90 (-1.57%) due to higher global sugar production [1] - Brazil's cumulative 2025-26 Center-South sugar output through December rose by +0.9% y/y to 40.222 million metric tons (MMT) [1] - India's 2025-26 sugar output from Oct 1-Jan 15 is up +22% y/y to 15.9 MMT, with the total production estimate raised to 31 MMT, up +18.8% y/y [2] Group 2: Export Dynamics and Domestic Supply - 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 reduction in sugar used for ethanol production in India from 5 MMT to 3.4 MMT may enable an increase in sugar exports [2] Group 3: Global Sugar Surplus Outlook - Covrig Analytics raised its 2025/26 global sugar surplus estimate to 4.7 MMT from 4.1 MMT, indicating a bearish outlook for prices [4] - The projected global sugar surplus for 2026/27 is expected to decrease to 1.4 MMT as weak prices discourage production [4] Group 4: Brazil's Sugar Production Forecast - Conab raised its Brazil 2025/26 sugar production estimate to 45 MMT from 44.5 MMT, contributing to a bearish price outlook [5] - An excessively long position in London ICE white sugar futures could exacerbate any price decline, with funds boosting their net long positions to a record 48,203 [5]

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 ...

Price Movements - March NY world sugar 11 is up by 0.37 (+2.54%) and March London ICE white sugar 5 is up by 9.90 (+2.37%) due to fund short covering ahead of a three-day weekend in the US [1] - On Thursday, NY sugar fell to a one-month low and London sugar dropped to a two-month low, influenced by increased sugar production in India [2] Production Insights - India's sugar production for 2025-26 is projected to rise to 15.9 million metric tons (MMT) from October 1 to January 15, marking a 21% year-on-year increase [2] - Brazil's cumulative sugar output for 2025-26 through mid-December increased by 0.9% year-on-year to 40.158 MMT, with the ratio of cane crushed for sugar rising to 50.91% in 2025/26 from 48.19% in 2024/25 [3] Global Supply Outlook - Covrig Analytics has raised its estimate for the global sugar surplus in 2025/26 to 4.7 MMT from 4.1 MMT in October, but projects a decrease in the surplus to 1.4 MMT for 2026/27 due to weak prices discouraging production [4] - The India Sugar Mill Association (ISMA) has increased its 2025/26 sugar production estimate for India to 31 MMT, an 18.8% year-on-year increase, while reducing the estimate for sugar used for ethanol production, potentially boosting sugar exports [5] Export Dynamics - India's government may permit additional sugar exports to alleviate a domestic supply glut, with a quota system introduced in 2022/23 after late rains affected production [6]