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As of today, March NY world sugar #11 (SBH26) is down 0.35 cents (-2.08%), and December London ICE white sugar #5 (SWZ25) has decreased by 9.40 cents (-2.02%). Sugar prices fell after reaching a 1.75-month high due to projections of a 4.1 million metric ton global sugar surplus for the 2025/26 season by Covrig Analytics.
Data from Unica indicates Brazil’s Center-South sugar output increased by 15.7% year-on-year to 3.622 million metric tons, while the sugar content in the first half of September dropped to 154.58 kg/ton compared to 160.07 kg/ton a year prior. Additionally, India’s sugar production is projected to rise 19% year-on-year to 34.9 million metric tons in the 2025/26 season, with the Indian Meteorological Department reporting an 8% increase in cumulative monsoon rain as of September 30.
Internationally, the USDA forecasts that global sugar production will increase by 4.7% to a record 189.318 million metric tons for 2025/26, with a global sugar consumption growth of 1.4% to 177.921 million metric tons. The overall outlook indicates a continued trend of abundant sugar supplies, contributing to bearish sentiment in the market.
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