Sugar prices plummeted to new multi-year lows, with NY sugar falling to a 4.5-year low and London sugar hitting a 4.25-year low. Pressure comes from higher sugar output in Brazil, with projections of a record 2026/27 sugar production. Global sugar surplus and India’s bumper crop add to bearish sentiment.

Thailand also forecasts a rise in sugar production, contributing to a negative outlook for sugar prices. The International Sugar Organization predicts a global sugar deficit for the 2025/26 season, marking the sixth consecutive year of deficits. USDA projects record global sugar production and consumption for the same period, with increasing ending stocks.

Read more at Yahoo Finance: Sugar Prices Plunge to Lowest Levels in More Than 4 Years