Sugar prices continued to drop, with NY sugar hitting a 3-week low and London sugar at a 4.25-year low. Brazil’s sugar output rose, but a 2025/26 global sugar surplus of 10.5 MMT was projected. India expects a bumper sugar crop, potentially increasing exports. Thailand forecasts a 5% y/y rise in sugar production.

NY sugar briefly rose due to lower sugar content in Brazil’s sugarcane crush. The International Sugar Organization forecasts a global sugar deficit for the sixth consecutive year. The USDA predicts record global sugar production and consumption for 2025/26, with ending stocks increasing by 7.5%. Brazil, India, and Thailand are expected to see production increases.

Read more at Yahoo Finance.: Sugar Prices Sharply Lower as Supply Concerns Fade