Sugar prices dropped due to the International Sugar Organization’s (ISO) forecast of a 1.625 million MT surplus in 2025-26, driven by increased production in India, Thailand, and Pakistan. India’s decision to allow mills to export less sugar than expected also impacted prices. The global sugar surplus is expected to rise by 3.2% y/y to 181.8 million MT. Additionally, Brazil’s record sugar output and India’s projected increase in production are contributing to the bearish outlook on sugar prices. Thailand is also expected to see an increase in sugar production. The USDA predicts a record 189.318 MMT of global sugar production in 2025-26.

Read more at Yahoo Finance: Sugar Prices Fall on ISO’s Forecast for a Sugar Surplus