Sugar prices are down today due to increased sugar production in India, with a 50% year-over-year jump in production. Brazil is also expected to have record sugar output, further pressuring prices. However, news of India considering boosting ethanol prices could reduce sugar supplies. The International Sugar Organization predicts a surplus in 2025-26, driven by increased production in India, Thailand, and Pakistan.

Concerns about tighter global supplies led to a rally in sugar prices last Friday, but the overall outlook remains bearish due to expectations of a global sugar surplus. Signs of a larger sugar crop in India are contributing to this surplus, with the country’s sugar production estimate being raised. The potential for higher sugar exports from India may further impact prices negatively.

Thailand is also expected to see higher sugar production, adding to the bearish sentiment in the sugar market. Global sugar production is projected to increase in the coming years, leading to record levels of output. The USDA forecasts a rise in global sugar production and consumption, which could result in an increase in ending stocks. These factors are driving the downward trend in sugar prices.

Read more at Yahoo Finance: Sugar Prices Tumble as India Ramps Up Sugar Production