
July NY world sugar #11 (SBN25) today is up +0.03 (+0.18%), and August London ICE white sugar #5 (SWQ25) is up +0.70 (+0.15%).
Sugar prices today recovered from early losses and are slightly higher as short covering emerged on signs of smaller sugar output in Brazil. Unica reported today that Brazil 2025/26 Center-South sugar production for the first half of May fell -6.8% y/y to 2.408 MMT and that the cumulative 2025/26 Brazil Center-South sugar output through mid-May is down by -22.7% y/y to 3.989 MMT.