Sugar prices are down today, with NY sugar hitting a 5-year low due to India and Brazil’s increased production estimates. India may boost sugar exports after revising its production estimate, while Brazil is projected to have a record sugar output for the upcoming seasons, leading to a global surplus.

India’s strong monsoon season is expected to result in a bumper sugar crop, potentially leading to increased exports. The country’s sugar production is forecasted to rise significantly in the 2025/26 season, following a decline in the previous year. Additionally, India may export more sugar than previously anticipated, further impacting global prices.

Thailand is also expected to see a rise in sugar production, contributing to the bearish outlook for sugar prices. The country’s sugar crop is projected to increase year-over-year, following a significant production increase in the previous season. Thailand ranks as the world’s third-largest sugar producer and second-largest exporter.

The International Sugar Organization (ISO) forecasts a global sugar deficit for the 2025/26 season, marking the sixth consecutive year of deficits. Despite an increase in global sugar production and consumption, the deficit is expected to narrow compared to the previous season. The USDA also predicts a record sugar production for the upcoming season, with Brazil and India leading the way in increased output.

Read more at Yahoo Finance.: Sugar Prices Retreat on Signs of a Larger Sugar Crop in India