Sugar prices fell on Tuesday due to a drop in crude oil prices, with NY world sugar #11 and London ICE white sugar #5 closing lower. India and Brazil are expected to see record sugar production, leading to bearish price outlooks. The International Sugar Organization forecasts a surplus, further pressuring prices. India’s higher sugar exports also add to the negative price sentiment. Thailand’s projected increase in sugar production also contributes to the bearish outlook. The USDA predicts a global rise in sugar production and ending stocks for 2025/26.

Read more at Yahoo Finance: Slump in Crude Oil Weighs on Sugar Prices