Sugar prices are mixed today, with NY sugar up and London sugar down. Recent lows were hit due to surplus projections and higher output in Brazil. India’s strong monsoon could lead to a bumper sugar crop, further pressuring prices. Other countries like Thailand also project increased sugar production, contributing to bearish sentiment.

India’s potential diversion of sugar to ethanol production and increased exports may worsen the country’s sugar surplus, impacting global prices. Brazil’s lower sugar content in cane crushes briefly boosted NY sugar prices. The International Sugar Organization forecasts a global sugar deficit for the 2025/26 season, following six years of deficits.

The USDA projects record global sugar production and consumption for 2025/26, with increased ending stocks. FAS predicts rising sugar production in Brazil, India, and Thailand due to favorable conditions. The outlook for sugar prices remains uncertain amid surplus projections, increased production, and shifting market dynamics.

Read more at Yahoo Finance: Sugar Prices Consolidate Recent Losses