October NY world sugar #11 (SBV26) on Wednesday closed up +0.11 (+0.73%), and October London ICE white sugar #5 (SWV26) closed up +4.20 (+0.89%).
Sugar prices settled higher on Wednesday, with London sugar posting a 4-week high. Since posting a 5-month low last Thursday, sugar prices have moved higher on the outlook for tighter future sugar supplies. On Monday, Covrig Analytics said it now expects a global sugar deficit in 2026/27 of -300,000 MT, compared to a June forecast for a +100,00 MT surplus. Meanwhile, Green Pool Commodity Specialists last Wednesday raised their global 2026/27 sugar deficit to -3.3 MMT from a June estimate of -1.76 MMT, and StoneX last Tuesday raised its 2026/27 global sugar deficit forecast to -1.7 MMT from a May estimate of -550,000 MT.
