Sugar prices closed mixed on Friday, with NY world sugar #11 down and London ICE white sugar #5 up. Prices fell to 2-week lows on Monday due to increased sugar production in India. Brazil’s record sugar output forecast contributes to the bearish outlook. Concerns about global supply shortages boosted prices last Friday. India considering raising ethanol prices could reduce sugar supplies. India’s sugar exports quota for 2025/26 was lower than expected. The International Sugar Organization predicts a surplus in 2025-26 due to increased production in key countries. Higher sugar output in India, Thailand, and Pakistan is driving the surplus. Sugar prices have been under pressure since early October due to higher sugar output in Brazil and talk of a global surplus. India’s larger sugar crop estimate is affecting prices. India’s potential for higher sugar exports due to abundant monsoon rains could further impact prices. Thailand’s projected increase in sugar production is also bearish for prices. The USDA predicts record global sugar production and consumption for 2025-26.

Read more at Yahoo Finance: Sugar Prices Pressured by a Weak Brazilian Real