Sugar prices closed mixed on Thursday, with NY world sugar #11 falling and London ICE white sugar #5 rising slightly. Prices initially rose on index-related buying expectations. Last Monday, NY sugar matched a 2.5-month high due to expectations of smaller future sugar supplies from Brazil.

However, sugar prices have been under pressure amid prospects of higher sugar exports from India, as the government may permit additional exports to reduce a domestic supply glut. The outlook for record sugar output in Brazil is also bearish for prices. The International Sugar Organization forecast a sugar surplus in 2025-26.

The USDA projected that global 2025/26 sugar production would reach a record high, with increases expected in Brazil, India, and Thailand. This increase in production is expected to impact sugar prices negatively. Thailand is projected to see a 5% rise in its sugar crop for 2025/26.

Overall, the sugar market is facing challenges from increased production in major sugar-producing countries like Brazil, India, and Thailand, leading to bearish price expectations. With surplus forecasts, the market is likely to experience downward pressure on sugar prices in the near future.

Read more at Yahoo Finance: Sugar Prices Pressured by a Stronger Dollar