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Barchart

Rich Asplund

Improving Supply Prospects Weigh on Sugar Prices

Brazil India London Unica Conab Green Pool Commodity Specialists USDA

July NY world sugar #11 (SBN25) today is down -0.05 (-0.29%), and August London ICE white sugar #5 (SWQ25) is down -4.40 (-0.89%).

Sugar prices today extended their month-long selloff, with July NY sugar posting a 3-3/4 year nearest-futures low and London sugar posting a 2-week low. The outlook for higher Brazil sugar production is undercutting prices. On Wednesday, Unica reported that Brazil Center-South sugar production for the first half of April rose +1.3% y/y to 731,000 MT. Wednesday's report from Unica is the first report for the 2025/26 season. On Tuesday, Conab forecast Brazil's 2025/26 Brazil sugar production would climb +4.0% y/y to 45.875 MMT.

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