
May NY world sugar #11 (SBK25) Thursday closed down -0.02 (-0.11%), and August London ICE white sugar #5 (SWQ25) closed up +1.20 (+0.24%).
Sugar prices on Thursday settled mixed. Prices were under pressure Thursday on negative carryover from Wednesday when the USDA's Foreign Agricultural Service (FAS) projected that Brazil's 2025/26 sugar production would rise +2.3% y/y to 44.7 MMT from 43.7 MMT in the previous season. However, sugar prices recovered Thursday, with London sugar pushing into positive territory as dollar weakness (DXY00) sparked short covering in sugar futures.