On November 15, sugar prices fell, with March NY world sugar closing down 0.06 cents (-0.40%) and March London ICE white sugar down 0.70 cents (-0.17%). The Brazilian real hit a 4.25-month low against the dollar, boosting exports from Brazil’s producers.
The India Sugar Mill Association (ISMA) reported a significant 28% year-on-year increase in Indian sugar production for the 2025-26 season, reaching 7.83 million metric tons (MMT). Concurrently, Conab raised Brazil’s sugar production estimate for the same period to 45 MMT, up from 44.5 MMT. Overall, the International Sugar Organization (ISO) forecasted a 1.625 million MT surplus in global sugar for 2025-26, a reverse from the previous year’s deficit.
The USDA projected global sugar production in 2025-26 to rise by 4.6% year-on-year to 189.318 MMT, with India’s output expected to increase by 25% to 35.25 MMT, aided by favorable conditions.
