Sugar prices surged to 3-week highs due to tighter supplies from India. The country will allow mills to export 1.5 MMT of sugar in 2025/26, lower than earlier estimates. Global sugar surplus concerns have dampened prices, with Brazil projecting record output. India and Thailand also expect higher sugar production, contributing to the bearish outlook. The International Sugar Organization predicts a global sugar deficit for the 2025/26 season, marking the sixth consecutive year of deficits.

Read more at Yahoo Finance: Smaller Indian Sugar Exports Boost Sugar Prices