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Barchart
Barchart
Rich Asplund

Sugar Prices Plummet on the Outlook for Global Sugar Surpluses to Persist

March NY world sugar #11 (SBH26) today is down -0.28 (-1.98%), and March London ICE white sugar #5 (SWH26) is down -11.10 (-2.794%).

Sugar prices extended their 3-month-long selloff today, sinking to 5.25-year nearest-futures lows.  Concerns that a global sugar surplus will persist are hammering prices.  Last Wednesday, analysts from sugar trader Czarnikow said they expect a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26.   Also, Green Pool Commodity Specialists said on January 29 that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27.  Also, StoneX said last Friday it expects a global sugar surplus of 2.9 MMT in 2025/26.

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