**Sugar Prices Decline Amid Increased Global Supply**
On March 27, sugar prices dropped to 2.5-week lows with May NY world sugar #11 (SBK26) falling by 2.14% to $0.14 per pound, and May London ICE white sugar #5 (SWK26) decreasing by 1.31% to $4.30 per ton. This decline follows India’s Food Secretary’s announcement that the country will not impose a ban on sugar exports this year, easing concerns over supply disruptions, particularly as India’s sugar production is projected to increase by 12% year-over-year, reaching approximately 29.3 million metric tons for 2025/26.
Furthermore, Brazil’s sugar output is also rising, with Unica reporting a 0.7% year-on-year increase to 40.25 million metric tons for the same period. The USDA forecasts a global sugar production surge in 2025/26, rising 4.6% year-on-year to 189.318 million metric tons, against a backdrop of increased production in countries like India, Thailand, and Pakistan.
