Sugar prices closed higher on Thursday, with London sugar hitting a six-week high, driven by Pakistan’s request for 100,000 MT of refined white sugar. Conab’s cut in Brazil’s 2025/26 sugar production estimate also boosted prices. Despite recent lows due to anticipated lower production in Brazil, sugarcane is being prioritized for sugar over ethanol, with Brazil’s sugar output falling slightly. However, India’s potential for higher sugar exports in the upcoming season and increased production may negatively impact prices. Global sugar surplus forecasts, including Thailand’s increased production, continue to weigh on prices. The USDA projects record global sugar production and consumption for 2025/26, with Brazil and India leading in production increases.

Read more at Yahoo Finance: Sugar Prices Supported by Signs of Stronger Global Demand