Sugar prices continued to plummet on Friday, with NY sugar hitting a 2.5-month low and London sugar dropping to a 5-year low. Global sugar surpluses and increased production are driving the decline, with Green Pool Commodity Specialists forecasting a 2.74 MMT surplus for 2025/26. India’s sugar output is up 22% y/y, potentially leading to higher exports. Brazil is also expected to see record output, while Thailand projects a 5% increase in sugar production. The USDA predicts a record global sugar production of 189.318 MMT in 2025/26, contributing to a bearish outlook for sugar prices.

Read more at Yahoo Finance: Sugar Prices Decline on the Prospects of Widening Global Surpluses