On Friday, May NY world sugar #11 (SBK26) closed at $15.82, down $0.11 (-0.69%), while May London ICE white sugar #5 (SWK26) closed at $448.10, down $1.00 (-0.22%). Sugar prices faced downward pressure due to increased production in Brazil, where cumulative 2025-26 Center-South sugar output rose 0.7% year-on-year to 40.25 million metric tons. The share of cane crushed for sugar production increased to 50.61% from 48.08% last year.
Concerns about excess supply have also affected prices, with analysts forecasting a global sugar surplus of 3.4 million metric tons for the 2026/27 crop year, following an 8.3 million metric ton surplus in 2025/26. The International Sugar Organization projected a surplus of 1.22 million metric tons for 2025-26, driven by rising production in India, Thailand, and Pakistan, with global sugar production expected to reach 181.3 million metric tons, a 3% increase from the previous year.
