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Barchart
Barchart
Rich Asplund

Smaller Indian Sugar Exports Boost Sugar Prices

India Brazil ISMA USDA Thailand FAs ISO London NY

March NY world sugar #11 (SBH26) on Friday closed up +0.52 (+3.60%), and March London ICE white sugar #5 (SWH26) closed up +13.20 (+3.20%).

Sugar prices rallied to 3-week highs on Friday amid tighter supplies from India.  India's food ministry on Friday said that it will allow mills to export 1.5 MMT of sugar in the 2025/26 season, below earlier estimates of 2 MMT.  India introduced a quota system for sugar exports in 2022/23 after late rain reduced production and limited domestic supplies.

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