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Barchart
Barchart
Rich Asplund

Sugar Prices Sink as Global Surpluses Expand

India London Brazil NY ISMA ISO USDA Thailand FAs

March NY world sugar #11 (SBH26) today is down -0.44 (-2.99%), and March London ICE white sugar #5 (SWH26) is down -6.40 (-1.55%).

This week's plunge in sugar prices continued today, with NY sugar dropping to a 2.5-month low and London sugar sinking to a 5-year low.   The outlook for global sugar surpluses and higher global sugar production is hammering prices.  Green Pool Commodity Specialists said Thursday that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27.  Also, StoneX said today it expects a global sugar surplus of 2.9 MMT in 2025/26.

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