Sugar prices rose on news of a 10% decrease in European sugar acreage for the 2026-27 season, following a 10% drop in sugar beet acreage for the current season. India’s sugar production soared to 4.11 MMT from Oct-Nov, while Brazil reported an increase in sugar output. Concerns about a global sugar surplus persist.

On the other hand, India’s potential increase in sugar exports and a projected surplus in global sugar production could weigh on prices. Strong monsoon rains in India are expected to boost sugar production, while Thailand anticipates a rise in sugar crop. The USDA forecasts record global sugar production for 2025-26, contributing to bearish sentiment.

Despite bullish news, including potential ethanol price hikes in India and export quotas, sugar prices continue to be pressured by the outlook for abundant global supplies. Reports of larger sugar crops in India and Thailand, along with record global production forecasts, are contributing to the bearish trend.

Read more at Yahoo Finance: Sugar Prices Climb on Expectations of Smaller EU Sugar Acreage