Sugar prices are up today, consolidating below 1-month highs. India may boost ethanol prices, diverting cane to ethanol production, reducing sugar supplies. India to allow mills to export 1.5 MMT of sugar in 2025/26. International Sugar Organization forecasts a 1.625 million MT surplus in 2025-26 due to increased production in India, Thailand, and Pakistan.

Global sugar surplus has hammered prices. Brazil expects record output, with Conab raising 2025/26 production estimate to 45 MMT. India’s sugar crop to increase, undercutting prices. Thailand also projects higher sugar production. USDA projects record global sugar production and consumption in 2025/26.

India’s sugar production estimates increase, potentially boosting exports. Monsoon rains may lead to bumper sugar crop. Thailand also expects higher production. USDA predicts Brazil and India to have record sugar production in 2025/26. Brazil’s 2025/26 sugar production to rise by 2.3% y/y to a record 44.7 MMT.

Read more at Yahoo Finance: Sugar Prices Supported by the Prospects of Smaller Sugar Exports From India