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Barchart
Barchart
Rich Asplund

Sugar Prices Weighed Down by Abundant Global Supplies

India London Brazil NY ISO USDA Conab Thailand

October NY world sugar #11 (SBV25) today is down -0.11 (-0.71%), and December London ICE white sugar #5 (SWZ25) is down -3.30 (-0.72%).

Sugar prices are sliding today, with London sugar posting a new 4-year low.   Sugar prices have been sliding over the past six months, with NY sugar slumping to a 4.25-year nearest-futures low last Thursday on ramped-up sugar production in Brazil.  Last Wednesday, Unica reported that Brazil's Center-South sugar output in the second half of August rose by +18% y/y to 3.872 MT.  Also, the percentage of sugarcane crushed for sugar by Brazil's sugar mills in the second half of August increased to 54.20% from 48.78% the same time last year.  However, cumulative 2025-26 Center-South sugar output through August fell -1.9% y/y to 26.758 MMT.

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