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Barchart
Barchart
Rich Asplund

Sugar Prices Fall as Crude Oil Plunges

Oil India Ethanol ISO USDA Deficit Brazil FAs ISMA StoneX

October NY world sugar #11 (SBV26) today is down -0.03 (-0.21%), and October London ICE white sugar #5 (SWV26) is down -2.10 (-0.46%).

Sugar prices are under pressure today, sliding to 1-week lows amid the plunge in crude oil prices. WTI crude oil (CLU26) is down more than -5% today, adding to Monday’s -7% plunge, which undercuts ethanol prices and may encourage sugar mills worldwide to divert less cane crushing toward ethanol production than sugar, thus boosting sugar supplies. Losses in sugar were contained after StoneX today raised its 2026/27 forecast for a global sugar deficit of -1.7 MMT from a May estimate of -550,000 MT.

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