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Barchart

Rich Asplund

Sugar Prices Fall on the Outlook for a Global Sugar Surplus

ISO India the International Sugar Organization ISMA NY Thailand Brazil FAs London USDA

May NY world sugar #11 (SBK26) on Friday closed down -0.06 (-0.43%), and May London ICE white sugar #5 (SWK26) closed down -0.20 (-0.05%).

Sugar prices moved lower on Friday after the International Sugar Organization (ISO) forecast a +1.22 MMT (million metric ton) sugar surplus in 2025-26, below an earlier projection of +1.63 MMT. That follows a -3.46 MMT deficit in 2024-25. ISO said the surplus is being driven by increased sugar production in India, Thailand, and Pakistan. ISO is forecasting a +3.0% y/y rise in global sugar production to 181.3 million MMT in 2025-26.

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