- Sugar prices hit a 2-week low on Friday, with March NY world sugar #11 and March London ICE white sugar #5 closing lower. The drop was attributed to a 25% year-over-year increase in Indian sugar production, reaching 11.90 MMT from 9.54 MMT.
- India’s larger sugar crop is driving prices down, with the India Sugar Mill Association raising its 2025/26 production estimate to 31 MMT. The association also reduced the estimate for sugar used for ethanol, potentially boosting sugar exports from India.
- Expectations of lower sugar supplies from Brazil pushed NY sugar to a recent high last Wednesday. Brazil’s sugar production is forecasted to fall by 3.91% in 2026/27, leading to a decrease in sugar exports.
- The International Sugar Organization predicts a 1.625 million MT sugar surplus in 2025-26, driven by increased production in India, Thailand, and Pakistan. Global sugar production is expected to rise by 3.2% year-over-year.
- The USDA projected a record global sugar production of 189.318 MMT in 2025/26, with increased production in Brazil, India, and Thailand. Global sugar ending stocks are expected to decrease by 2.9% year-over-year.
- Thailand’s sugar crop is projected to increase by 5% year-over-year in 2025/26, contributing to the bearish outlook for sugar prices. The country is the world’s third-largest sugar producer and second-largest exporter.
Read more at Yahoo Finance: Sugar Prices Slump as Production Jumps in India