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Barchart
Barchart
Rich Asplund

Robust Global Production and Abundant Supplies Weigh on Sugar Prices

India Brazil London NY USDA ISMA Thailand Unica

July NY world sugar #11 (SBN25) today is down -0.14 (-0.83%), and August London ICE white sugar #5 (SWQ25) is down -5.00 (-1.06%).

Sugar prices today are moving lower but remain above Tuesday's significant lows.  NY sugar sank to a 3-3/4 year nearest-futures low on Tuesday, and London sugar fell to a 4-1/2 month low on the outlook for higher sugar production in India, the world's second-largest producer.  On Monday, India's National Federation of Cooperative Sugar Factories projected India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage.

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