Sugar prices dipped on Friday due to negative carryover from the previous day. India, the world’s second-largest sugar producer, has requested permission to export 2 MMT of sugar in the upcoming season. Losses were limited by a stronger Brazilian real, discouraging export sales. Expectations of higher sugar production in Brazil and a global sugar deficit are influencing prices. The outlook for abundant sugar supplies is driving prices down, with a projected 7.5 MMT global sugar surplus for the 2025/26 season. India’s expected bumper sugar crop due to abundant monsoon rains is further contributing to the bearish sentiment. Similarly, higher sugar production forecasts in India and Thailand are also impacting prices negatively. The USDA’s projections for global sugar production, consumption, and ending stocks are adding to the bearish outlook.

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