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Rich Asplund

Sugar Prices Retreat to Multi-Year Lows on the Outlook for Ample Global Supplies

India London USDA Thailand ISO

March NY world sugar #11 (SBH26) today is down -0.44 (-2.80%), and December London ICE white sugar #5 (SWZ25) is down -13.10 (-2.93%).

Sugar prices are selling off today, with NY Sugar matching last month's 4.5-year nearest-futures low and London sugar posting a new 4.25-year low. The outlook for robust global sugar supplies is weighing on prices. Last Monday, BMI Group projected a global 2025/26 sugar surplus of 10.5 MMT, and last Tuesday, Covrig Analytics projected a global 2025/25 sugar surplus of 4.1 MMT.

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