**Sugar Prices Drop Amid Increased Production Reports**
On Wednesday, July NY world sugar #11 closed at $14.14, down $0.40 (-2.75%), marking a one-month low, while August London ICE white sugar #5 closed at $428.90, down $7.10 (-1.63%). This sell-off follows a report from Unica indicating that Brazil’s 2026/27 Center-South sugar production surged by 55.3% year-over-year to 2.475 million metric tons in April, driven by improved yields.
The International Sugar Organization (ISO) forecasts a record global sugar production of 182 million metric tons for the 2025/26 season, a rise of 3.5% from the previous year, while also projecting a total global surplus of 2.2 million metric tons. Conversely, growing concerns regarding potential disruptions from El Niño conditions may impact harvests significantly in Brazil, India, and Thailand, where sugar output could decline by 1.15% year-over-year in 2026/27, resulting in a global deficit of 262,000 metric tons. Additionally, India’s ongoing ban on sugar exports remains in effect until September 30, 2023, to safeguard local supplies.
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.
