From Yahoo Finance: 2025-06-20 14:51:00

Sugar prices closed mixed on Friday, with NY world sugar #11 up and London ICE white sugar #5 down. Short covering occurred due to Pakistan’s plans to import 250,000 metric tons of raw sugar after a poor harvest. The USDA projects a global sugar surplus, leading to lower prices.

India’s expected increase in sugar production could further depress prices, with projections showing a 19% rise in 2025/26. Favorable monsoon forecasts in India and other major sugar-producing countries like Brazil and Thailand indicate a trend of higher global sugar output.

Despite reduced sugar production in Brazil, the International Sugar Organization forecasts a global sugar deficit for 2024/25, tightening the market following the previous year’s surplus. The USDA projects record-high sugar production and consumption for 2025/26, with an increase in global ending stocks.

Thailand reported a significant increase in sugar production for 2024/25, contributing to the bearish outlook on sugar prices. Brazil’s lower sugar output due to weather conditions offers some support to prices. The market remains volatile, influenced by various factors affecting sugar production and consumption globally.

Read more: Sugar Prices Supported by News of Increased Pakistan Sugar Imports