Today, sugar prices are mixed, with NY sugar reaching a 2.25-month high. Safras & Mercado predicts Brazil’s sugar production will drop by -3.91% in 2026/27, leading to a -11% y/y decline in exports. India may allow more sugar exports to reduce domestic supply glut, while ISMA reports a +28% y/y increase in sugar production from October to December. Brazil’s sugar output is forecasted to rise, contributing to a global sugar surplus. Thailand also expects higher sugar production, with the USDA projecting record global sugar production and consumption in 2025/26.

Read more at Yahoo Finance: Sugar Prices Supported by the Outlook for Smaller Sugar Output in Brazil