Sugar prices closed lower on Wednesday but above previous lows. Global sugar surplus projections are weighing on prices, with Brazil’s output rising and India expecting a bumper crop due to strong monsoon rains. Thailand also forecasts increased sugar production. Short-term sugar futures saw a brief increase due to lower sugar content in Brazil’s sugarcane crush. The International Sugar Organization projects a global sugar deficit for 2025/26, while the USDA predicts record-high global sugar production and consumption.

Read more at Yahoo Finance: Sugar Prices Fall on the Outlook for Abundant Supplies