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Barchart
Barchart
Rich Asplund

Sugar Prices Supported by Expectations of a Global Deficit

Deficit India London NY Brazil USDA Covrig Analytics European Union FAs ISMA

October NY world sugar #11 (SBV26) is up +0.37 (+2.02%) today, and October London ICE white sugar #5 (SWV26) is +7.40 (+1.39%).

Sugar prices are sharply higher for a second day today, with NY sugar posting a 16.75-month high and London sugar posting a 1-week high. Sugar prices are rallying on the outlook for a global deficit. On Tuesday, the International Sugar Organization (ISO) projected a 2026/27 global sugar deficit of -200,000 MT after a projected +1.1 MMT surplus for 2025/26.

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