Sugar prices closed lower in NY and London on Thursday, driven by news of India’s request to export 2 MMT of sugar in the upcoming season. Prices rebounded slightly due to Brazil’s strengthening real discouraging exports. Despite this, Brazil’s sugar production outlook remains high, and global sugar deficits are projected for the 2025/26 season. Abundant supplies and higher production forecasts are keeping sugar prices bearish, with expectations of a large global surplus and increased production in key countries like India and Thailand.

Read more at Yahoo Finance: Prospects of Higher Indian Sugar Exports Weigh on Sugar Prices