July NY world sugar #11 (SBN25) Wednesday closed down -0.32 (-1.86%), and August London ICE white sugar #5 (SWQ25) closed down -11.20 (-2.32%).
Sugar prices sold off on Wednesday, with NY sugar falling to a 3-3/4 year nearest-futures low and London sugar falling to a 4-1/4 month low. Over the past two weeks, expectations for a global sugar surplus have hammered prices. Last Thursday, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year.
