Sugar prices fell to 3-week lows due to a weaker Brazilian real, encouraging export sales. India’s sugar production surged by 43% y/y, contributing to bearish price pressure. Record sugar output in Brazil and a global surplus forecast by the ISO continue to drive prices down since early October.

India’s larger sugar crop projection and potential for increased exports due to favorable monsoon conditions are further dampening sugar prices. The USDA predicts a record global sugar production and consumption for 2025/26, with ending stocks set to rise. Thailand also expects a boost in sugar output, adding to the market’s bearish sentiment.

The outlook for sugar prices remains bleak as production surpluses persist in major sugar-producing countries. India’s move to allow sugar exports may further impact prices negatively. With higher sugar production expected in Thailand and record global production projected by the USDA, the market faces continued pressure.

Read more at Yahoo Finance: Sugar Prices Fall as the Brazilian Real Weakens