
March NY world sugar #11 (SBH26) on Tuesday closed down -0.48 (-3.05%), and December London ICE white sugar #5 (SWZ25) closed down -13.50 (-3.02%).
Sugar prices sold off sharply on Tuesday, with NY Sugar matching last month's 4.5-year nearest-futures low and London sugar posting a new 4.25-year low. The outlook for robust global sugar supplies is weighing on prices. On Tuesday, consultant Datagro projected Brazil's Center-South 2026/27 sugar production will climb +3.9% y/y to a record 44 MMT. Last Monday, BMI Group projected a global 2025/26 sugar surplus of 10.5 MMT, and last Tuesday, Covrig Analytics projected a global 2025/25 sugar surplus of 4.1 MMT.