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Barchart
Barchart
Rich Asplund

Sugar Prices Rally on Safras Forecasts for 2026/27

Brazil India ISO ISMA Thailand FAs The India Sugar Mill Association USDA

March NY world sugar #11 (SBH26) on Tuesday closed up +0.21 (+1.40%), and March London ICE white sugar #5 (SWH26) closed up +5.60 (+1.31%).

Sugar prices saw support after consulting firm Safras & Mercado on Tuesday forecasted that Brazil's sugar production in 2026/27 will fall -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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