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Barchart
Barchart
Rich Asplund

Sugar Prices Climb on the Prospects for Lower Global Sugar Production

Brazil Unica NY Green Pool Commodity Specialists London Thailand USDA

May NY world sugar #11 (SBK25) today is up +0.24 (+1.27%), and May London ICE white sugar #5 (SWK25) is up +3.80 (+0.71%).

Sugar prices today extended this week's advance, with NY sugar posting a 2-week high.  Lower sugar production in Brazil supports prices after Unica reported today that cumulative 2024/25 Center-South sugar output through February fell -5.6% y/y to 39.822 MMT.  Sugar also has carryover support from Wednesday when the Indian Sugar and Bio-energy Manufactures Association cut its 2024/25 India sugar production forecast to 26.4 MMT from a January forecast of 27.27 MMT, citing lower cane yields.

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