March NY world sugar #11 (SBH26) closed down -2.83%, and December London ICE white sugar #5 (SWZ25) closed down -3.31%. London sugar hit a 1-week low as Thailand forecasts a +5% increase in 2025/26 sugar crop. NY sugar recently saw highs due to Pakistan orders. Global sugar surplus projections led to bears dominating the market. Brazil’s increased sugar output and India’s potential diversion of sugar for ethanol production are adding pressure to sugar prices. The International Sugar Organization projects a global sugar deficit for the 2025/26 season, despite expectations of abundant sugar supplies. The outlook for higher sugar exports from India and increased sugar production in India and Thailand further contribute to the bearish sentiment. Brazil’s sugar production estimates have fluctuated, with a recent cut in the 2025/26 forecast. The USDA projects record sugar production and consumption for the 2025/26 season, with increases in ending stocks globally. Despite these projections, sugar prices continue to slide as Thailand boosts sugar production.

Read more at Yahoo Finance: Sugar Price Slide as Thailand Ramps Up Sugar Production