October NY world sugar #11 (SBV26) on Tuesday closed up +0.03 (+0.20%), and October London ICE white sugar #5 (SWV26) closed up +3.20 (+0.69%).
Sugar prices extended their 3-session rally on Tuesday, with NY sugar posting a 3.5-week high and London sugar posting a 4-week high. The outlook for tighter future sugar supplies is propelling prices higher after Covrig Analytics on Monday said it now expects a global sugar deficit in 2026/27 of -300,000 MT, compared to a June forecast for a +100,00 MT surplus. Meanwhile, Green Pool Commodity Specialists last Wednesday raised their global 2026/27 sugar deficit to -3.3 MMT from a June estimate of -1.76 MMT, and StoneX last Tuesday raised its 2026/27 global sugar deficit forecast to -1.7 MMT from a May estimate of -550,000 MT.
