Sugar prices rose on Tuesday, with NY world sugar #11 up +0.61% and London ICE white sugar #5 up +0.71%. India’s food ministry considers raising ethanol prices, potentially reducing sugar supplies. India plans to export 1.5 MMT of sugar in 2025/26, below earlier estimates. The International Sugar Organization forecasts a 1.625 MMT surplus in 2025-26 due to increased production in India, Thailand, and Pakistan.

Global sugar supplies remain robust, driving prices down since October. Brazil forecasts record sugar output, with a 1.6% y/y increase in production. India’s sugar production estimate rises to 31 MMT, while the outlook for higher sugar exports from India may impact prices. Thailand projects a 5% y/y increase in its 2025/26 sugar crop.

USDA predicts a record 189.318 MMT global sugar production in 2025/26, with Brazil’s production forecasted to reach 44.7 MMT and India’s to increase to 35.3 MMT. Global sugar ending stocks are expected to rise by 7.5% y/y to 41.188 MMT. The outlook for the sugar market remains influenced by various factors such as production estimates and export plans from major producers.

Read more at Yahoo Finance: Sugar Prices Climb on Dollar Weakness and Smaller Indian Sugar Exports