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As of today, October NY world sugar #11 (SBV25) has decreased by 0.19 cents (-1.16%) reaching a 1-week low, while October London ICE white sugar #5 (SWV25) is down 4.20 (-0.90%), hitting a 3.5-week low. The decline is attributed to stronger sugar production in Brazil, where the Center-South sugar output increased by 15% year-on-year to 3.4 million metric tons in the first half of July, as reported by Unica.
Additionally, India’s sugar production outlook remains bearish for prices, with projections indicating a 19% year-on-year increase to 35 million metric tons by the 2025/26 season, following a previous low of 26.2 million metric tons in 2024/25. Current monsoon rainfall in India is reported at 440.1 mm, 8% above normal, which may lead to a bumper sugar crop.
Recent data highlights a global sugar surplus forecast of 7.5 million metric tons for the 2025/26 season, the largest in eight years, while China’s June sugar imports surged by 1,435% to 420,000 metric tons, indicating a potential increase in demand amid declining prices.
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