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Barchart

Rich Asplund

Supply Risks Boost Sugar Prices

European Union India Deficit USDA Brazil Covrig Analytics Czarnikow Europe FAs India Meteorological Department

October NY world sugar #11 (SBV26) closed up +0.60 (+2.41%) today, and October London ICE white sugar #5 (SWV26) closed up +10.30 (+2.00%).

Sugar prices settled sharply higher on Thursday amid the outlook for smaller global sugar output. The European Union’s Sugar Market Observatory said Thursday that EU 2026/27 sugar production is expected to drop -19% y/y to 13.4 MMT. Also, Green Pool Commodity Specialists on Thursday projected a 2026/27 global sugar deficit of -3.2 MMT, and cut its global 2025/25 sugar surplus estimate to 4.85 MMT from a July estimate of 4.93 MMT.

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