
March NY world sugar #11 (SBH26) today is up +0.30 (+2.11%), and December London ICE white sugar #5 (SWZ25) is up +9.70 (+2.38%).
Sugar prices are moving sharply higher today, with NY sugar posting a 1-week high. Short covering emerged in sugar futures today on signs that India may export less sugar than initially expected, as Bloomberg reported that India's food ministry is considering a proposal to allow sugar mills to export 1.5 MMT in the 2025/26 season, below earlier estimates of 2 MMT. India introduced a quota system for sugar exports in 2022/23 after late rains reduced production and limited domestic supplies.