
March NY world sugar #11 (SBH26) on Thursday closed down -0.08 (-0.55%), and December London ICE white sugar #5 (SWZ25) closed up +4.50 (+1.08%).
Sugar prices on Thursday settled mixed, with London sugar posting a 1-week high. The outlook for robust global sugar supplies has hammered sugar prices over the past month. On Monday, London sugar posted a new 4.75-year nearest-futures low, and last 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. Last 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.