Sugar prices fell on Monday, with NY sugar at a 2.5-month low and London sugar at a 5-year low. Oversold conditions led to some short covering, lifting prices slightly. Global sugar surpluses are expected, with Green Pool and StoneX predicting significant excess in the coming years. Brazil and India are key players in the sugar market, with both countries reporting increased production. India plans to boost sugar exports to alleviate domestic oversupply, adding pressure to global prices. Multiple organizations and reports forecast a surplus in sugar production, weighing down prices. Brazil anticipates record sugar output, while Thailand and other countries also expect high production levels. The USDA projects a record sugar production for 2025/26, despite a slight decrease in global ending stocks.

Read more at Yahoo Finance: Abundant Global Supplies Weigh on Sugar Prices