**Sugar Prices Decline Amid Brazilian Real Weakness**
As of today, October NY world sugar #11 (SBV26) has decreased by $0.11 (-0.61%), while October London ICE white sugar #5 (SWV26) is down $1.10 (-0.21%). The decline in sugar prices follows a drop in the Brazilian real, which has fallen to a 1.5-week low, encouraging export selling by Brazil’s producers.
Recent reports suggest a global sugar deficit for the 2026/27 season, with the International Sugar Organization (ISO) projecting a deficit of 200,000 metric tons, contrasting with an anticipated surplus of 1.1 million metric tons for 2025/26. Additionally, concerns about weather conditions affecting sugar production in major regions, including India and Thailand, are growing due to the potential impact of a strong El Niño.
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