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Rich Asplund

Sugar Prices Slump on Expectations for Robust Global Supplies

Brazil India Unica Conab Green Pool Commodity Specialists London the Indian Sugar and Bioenergy Manufacturers Association USDA

July NY world sugar #11 (SBN25) Thursday closed down -0.09 (-0.52%), and August London ICE white sugar #5 (SWQ25) closed up +1.00 (+0.20%).

Sugar prices settled mixed on Thursday, with July NY sugar posting a 3-3/4 year nearest-futures low. The outlook for higher Brazil sugar production is undercutting prices. On Wednesday, Unica reported that Brazil Center-South sugar production for the first half of April rose +1.3% y/y to 731,000 MT. Today's report from Unica is the first report for the 2025/26 season. On Tuesday, Conab forecast Brazil's 2025/26 Brazil sugar production would climb +4.0% y/y to 45.875 MMT.

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