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Barchart
Barchart
Rich Asplund

Sugar Prices Weighed Down by the Prospects of Ample Global Supplies

India ISO the International Sugar Organization ISMA Thailand Brazil London FAs NY USDA

March NY world sugar #11 (SBH26) on Tuesday closed down -0.10 (-0.68%), and March London ICE white sugar #5 (SWH26) closed up +2.10 (+0.50%).

Sugar prices settled mixed on Tuesday.  Prices have a negative carryover from Monday when the International Sugar Organization (ISO) forecast a 1.625 million MT sugar surplus in 2025-26, following a 2.916 million MT deficit in 2024-25.  ISO said the surplus is being driven by increased sugar production in India, Thailand, and Pakistan.  In August, ISO had previously forecast a 231,000 MT deficit for the 2025-26 marketing year.  ISO is forecasting a +3.2% y/y rise in global sugar production to 181.8 million MT in 2025-26.

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