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Barchart
Barchart
Rich Asplund

Sugar Prices Undercut by Concerns of a Global Supply Glut

March NY world sugar #11 (SBH26) on Thursday closed down -0.03 (-0.18%), and December London ICE white sugar #5 (SWZ25) closed up +0.40 (-0.09%).

Sugar prices settled mixed on Thursday.  Prices initially moved lower on Thursday, with NY sugar posting a one-week low and London sugar posting a four-year nearest-futures low.  Sugar prices are under pressure due to a negative carryover from Tuesday, when Covrig Analytics projected a global sugar surplus of +4.1 MMT for the 2025/26 season.  However, fund short covering emerged near the lows on Thursday, and sugar prices recovered, with London sugar pushing into positive territory.

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