Sugar prices closed higher on Monday, with NY world sugar #11 up 0.27% and London ICE white sugar #5 up 0.19%. The increase is due to India considering boosting ethanol prices, reducing sugar supplies. India also plans to export less sugar, while ISO predicts a 1.625 MMT surplus in 2025-26, driven by increased production in India, Thailand, and Pakistan.

Global sugar supplies are expected to be robust, impacting prices negatively. Brazil’s record sugar output is a major factor, with production estimates raised. India, the second-largest producer, is also set to have a larger sugar crop, affecting prices further. Thailand is also projected to increase its sugar production.

The USDA forecasts a record global sugar production in 2025-26, with consumption and ending stocks also expected to rise. Brazil, India, and Thailand are anticipated to contribute significantly to the increase in production. This outlook, along with other factors, has led to a bearish trend in sugar prices.

Read more at Yahoo Finance: The Outlook for Smaller Exports From India Boosts Sugar Prices