Sugar prices are up today due to a cut in Brazil’s 2025/26 production estimate. Brazil’s sugar mills are focusing on sugar production over ethanol, supporting prices. China’s sugar imports surged, and Pakistan tendered for refined sugar, indicating stronger global demand. NY sugar hit a high due to concerns over Brazil’s cane yield.

India may allow sugar mills to export in the next season, impacting prices negatively. India’s sugar production is projected to rise in 2025/26, following a decline in the previous year. Expectations of a sugar surplus in the upcoming season have led to price declines. Thailand’s sugar production has increased, adding to the bearish outlook for prices.

The International Sugar Organization forecasts a global sugar deficit in 2024/25, tightening the market. The USDA projects record global sugar production and consumption in 2025/26, with increased ending stocks. Brazil, India, and Thailand are expected to see production increases in the same period.

Read more at Yahoo Finance: Sugar Prices Supported by Expectations of Lower Brazil Sugar Production