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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured by the Outlook for a Global Surplus

Brazil India Conab ISMA Unica USDA

July NY world sugar #11 (SBN25) Thursday closed down -0.30 (-1.69%), and August London ICE white sugar #5 (SWQ25) closed down -9.60 (-1.93%).

Sugar prices settled lower on Thursday, consolidating just above Tuesday's 2-week lows.  Over the past week, expectations for a global sugar surplus have weighed on sugar.  Last Wednesday, consultant Datagro projected a 2025/26 global sugar surplus of +1.53 MMT, recovering sharply from a 2024/25 global sugar deficit of -4.67 MMT.  Meanwhile, StoneX projects a 2025/26 global sugar surplus of +3.74 MMT.

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