July NY world sugar #11 (SBN26) today is up +0.35 (+2.40%), and Aug London ICE white sugar #5 (SWQ26) is up +7.80 (+1.78%).
Sugar prices are sharply higher today, with NY sugar posting a 3.5-week high. Concerns that higher gasoline prices will prompt the world's sugar mills to divert more cane crushing to ethanol production rather than sugar are pushing sugar prices sharply higher today. Green Pool Commodity Specialists today raised their global 2026/27 sugar deficit estimate to -4.3 MMT from a previous estimate of -1.66 MMT, citing a shift to higher ethanol production at the expense of sugar.
