Sugar prices declined on Friday, with London sugar hitting a 4.75-year low. Global sugar surplus estimates rose, pressuring prices. Brazil expects record sugar output, with estimates increasing. India also expects a larger sugar crop, leading to higher exports. Overall, the outlook for sugar prices remains bearish due to increased production worldwide.

Brazil’s sugar production estimates have been raised to record levels, impacting global sugar prices. India’s sugar production is also forecasted to increase, potentially leading to higher exports. Thailand is expected to see a rise in sugar production as well. The International Sugar Organization projects a global deficit for the 2025/26 season, despite increased production and consumption.

The USDA’s bi-annual report predicts record sugar production and consumption for 2025/26, with increased ending stocks. Brazil, India, and Thailand are all expected to see growth in sugar production. Factors such as favorable monsoon rains and increased sugar acreage contribute to the overall bearish outlook for sugar prices globally.

Read more at Yahoo Finance: Sugar Prices Tumble on Rising Global Sugar Production