March NY world sugar #11 (SBH26) rose by 0.25 cents (+1.69%) to $15.04 per pound, while March London ICE white sugar #5 (SWH26) increased by 5.40 cents (+1.27%) to $431.90 per metric ton. This price surge is attributed to a stronger Brazilian real, which hit a one-month high against the dollar, leading to reduced export sales from Brazil’s sugar producers.
India’s sugar production estimates have also impacted global supply dynamics. The India Sugar Mill Association reported a 25% year-over-year increase in production for the 2025-26 season, totaling 11.90 million metric tons. Furthermore, the USDA projects global sugar production will rise by 4.6% in the same period, reaching a record 189.3 million metric tons, with India’s production expected to hit 35.25 million metric tons, up 25% year-over-year.
Despite these bullish indicators for pricing, the International Sugar Organization forecasts a surplus of 1.625 million metric tons due to increased outputs from India, Thailand, and Pakistan. The past Friday saw sugar prices drop to two-week lows amid indications of stronger sugar output in India.
