Sugar prices are up today with NY world sugar #11 (SBV25) and London ICE white sugar #5 (SWZ25) both increasing. Pakistan has booked 320,000 MT of sugar for delivery next month. Global sugar surplus projections and higher output in Brazil are weighing on prices. India may divert sugar for ethanol production, impacting exports. The International Sugar Organization forecasts a global sugar deficit for the 2025/26 season. Brazil, India, and Thailand are all expected to increase sugar production, leading to an oversupply. Abundant monsoon rains in India may result in a bumper sugar crop. Overall, expectations for high sugar supplies are bearish for prices.

Read more at Yahoo Finance: Sugar Prices Climb on Signs of Stronger Global Sugar Demand