Sugar prices fell today due to speculation that India may increase sugar exports after a strong monsoon season. Brazil’s increased sugar production is also a factor. India’s sugar production is projected to rise, contributing to a global sugar surplus. China’s sugar imports surged, and the US may see increased sugar consumption. Thailand’s sugar production is also on the rise, contributing to a bearish outlook on sugar prices. The International Sugar Organization forecasts a global sugar deficit, tightening the market. The USDA predicts record sugar production and consumption for the upcoming year, with increased ending stocks. Brazil, India, and Thailand are expected to see higher sugar production.

Read more at Yahoo Finance: Possible Increase in India’s Sugar Exports Weighs on Prices