On Thursday, July NY world sugar #11 closed down by 0.33 cents (-2.07%) at a four-year low, while August London ICE white sugar #5 fell by 1.10 (-0.23%). This decline is attributed to a three-month selloff driven by expectations of a global sugar surplus, with the USDA projecting a record 2025/26 global sugar production of 189.318 million metric tons (MMT), an increase of 4.7% year-over-year, and a surplus of 41.188 MMT, up 7.5% year-over-year.
India’s sugar production is expected to rise by 19% to 35 MMT for the same period due to favorable rainfall and increased acreage, further pressuring prices. In contrast, Brazil’s sugar output is forecasted to rise by 2.3% to 44.7 MMT. Meanwhile, Pakistan plans to import 250,000 metric tons of raw sugar following a disappointing harvest, providing some support to prices.
The International Sugar Organization has raised its global sugar deficit forecast to a nine-year high of 5.47 MMT, indicating a tightening market amidst higher anticipated consumption of 177.921 MMT, which is a 1.4% rise year-over-year.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
