Sugar prices today are mixed, with NY sugar hitting a new 4.5-year low while London sugar sees a slight increase. The pressure on sugar prices is due to higher sugar output in Brazil, with a 10.8% rise reported in September. Global sugar supplies are expected to be robust, with projections of a surplus. India’s sugar production is forecasted to increase, potentially leading to more exports. Thailand is also expected to see higher sugar production. The International Sugar Organization predicts a global sugar deficit for the sixth consecutive year, with increased production and consumption. The USDA projects record sugar production and consumption for 2025/26.
Read more at Yahoo Finance: Sugar Prices Under Pressure as Global Supplies Increase
