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Barchart
Barchart
Rich Asplund

Expectations of Abundant Global Supplies Weighs on Sugar Prices

NY India London Brazil Thailand ISO Unica USDA

March NY world sugar #11 (SBH26) today is down -0.23 (-1.45%), and December London ICE white sugar #5 (SWZ25) is down -11.20 (-2.48%).

Sugar prices are under pressure today but remain above the lows reached on Tuesday.  On Tuesday, NY sugar fell to a 3-week low, and London sugar dropped to a 4.25-year nearest-futures low.  The outlook for robust global sugar supplies is weighing on prices.  On Monday, BMI Group projected a global 2025/26 sugar surplus of 10.5 MMT, and last Tuesday, Covrig Analytics projected a global 2025/25 sugar surplus of 4.1 MMT.

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