Sugar prices fell on Thursday, with October NY world sugar closing down -1.81% and August London ICE white sugar down -2.03% due to a stronger dollar. Concerns about global sugar supplies tightening led to recent price spikes, but expectations of a global surplus have caused prices to plummet in recent months. India and Brazil are set to increase sugar production, further contributing to the surplus. Thailand and India’s projected record production levels are expected to drive prices down, while reduced sugar production in Brazil may provide some price support. The International Sugar Organization forecasts a global sugar deficit for 2024/25, tightening the market after a surplus in the previous year. The USDA projects record sugar production and consumption for 2025/26, with ending stocks expected to increase.

Read more at Yahoo Finance: Sugar Prices Sharply Lower as the Dollar Rallies