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Barchart
Barchart
Rich Asplund

NY Sugar Prices Climb as the Brazilian Real Strengthens

Brazil NY India London ISMA Thailand FAs ISO USDA

March NY world sugar #11 (SBH26) today is up +0.05 (+0.35%), and December London ICE white sugar #5 (SWZ25) is down -2.00 (-0.49%).

Sugar prices are mixed today, with London sugar posting a new 4.75-year nearest-futures low.  The outlook for robust global sugar supplies is pressuring prices.  Last Thursday, NY sugar prices slumped to a 5-year nearest-futures low, mainly due to higher sugar output in Brazil and talk of a global sugar surplus.  Last Wednesday, sugar trader Czarnikow boosted its global 2025/26 sugar surplus estimate to 8.7 MMT, up +1.2 MMT from a September estimate of 7.5 MMT.  

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