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Barchart
Barchart
Rich Asplund

Sugar Prices Gain on the Outlook for Smaller Sugar Production in Brazil

On Brazil India NY ISMA ISO Thailand FAs London The India Sugar Mill Association

March NY world sugar #11 (SBH26) on Monday closed up +0.09 (+0.59%).  March London ICE white sugar #5 (SWH26) closed down -0.60 (-0.14%).

Sugar prices settled mixed on Monday, with NY sugar matching last Wednesday's 2.25-month high.  Sugar prices have carryover support from last Tuesday when consulting firm Safras & Mercado said that Brazil's sugar production in 2026/27 will fall by -3.91% to 41.8 MMT from 43.5 MMT expected in 2025/26.  The firm expects Brazil's exports in 2026/27 to fall -11% y/y to 30 MMT.

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