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Barchart

Rich Asplund

Sugar Prices Undercut by the Outlook for Robust Global Supplies

India London Brazil ISMA USDA Thailand FAs ISO NY

March NY world sugar #11 (SBH26) today is down -0.05 (-0.35%), and December London ICE white sugar #5 (SWZ25) is down -2.70 (-0.65%).

Sugar prices are under pressure today, with London sugar posting a 4.75-year nearest-futures low. The outlook for robust global sugar supplies is undercutting prices. On Thursday, NY sugar prices slumped to a 5-year nearest-futures low mainly due to higher sugar output in Brazil and talk of a global sugar surplus. On Wednesday, sugar trader Czarnikow boosted its global 2025/26 sugar surplus estimate to 8.7 MMT, up +1.2 MMT from a September estimate of 7.5 MMT.

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