Sugar prices closed higher on Wednesday due to a weaker dollar prompting short-covering in sugar futures. However, prices have been falling in recent days, hitting 3-week lows on Tuesday because of increased production in India and Brazil. The International Sugar Organization forecasts a 1.625 million MT sugar surplus in 2025-26, with global sugar production expected to rise by 3.2% year-over-year. Additionally, signs of larger sugar crops in India and Thailand are also contributing to the bearish outlook for prices. Overall, the global sugar surplus is driving prices lower since early October.

Read more at Yahoo Finance: Dollar Weakness Pushes Sugar Prices Higher