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Rich Asplund

Sugar Prices Settle Lower as the USDA Projects a Sugar Surplus in India

USDA India Ethanol ISO London NY Brazil Covrig Analytics FAs ISMA

May NY world sugar #11 (SBK26) on Thursday closed down -0.10 (-0.68%), and Aug London ICE white sugar #5 (SWQ26) closed down -5.90 (-1.33%).

Sugar prices gave up an early advance on Thursday and settled lower after the USDA said it expects a 2026/27 sugar surplus in India of 2.5 MMT, the first surplus in two years. India is the world's second-largest sugar producer.

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