
July NY world sugar #11 (SBN25) Friday closed down -0.08 (-0.48%), and August London ICE white sugar #5 (SWQ25) closed up +1.90 (+0.41%).
Sugar prices on Friday extended their two-month-long selloff, with NY sugar posting a nearly 4-year nearest-futures low and London sugar posting a 3-3/4 year low. Expectations for a global sugar surplus are hammering prices. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year.