On Wednesday, October NY world sugar #11 (SBV25) closed down by 0.08 cents (-0.50%), while October London ICE white sugar #5 (SWV25) fell by 1.50 cents (-0.32%). This decline comes amid signs of increased sugar production in Brazil, where output rose 15% year-on-year to 3.4 million metric tons (MMT) for the first half of July, according to Unica.
Additionally, India’s projected rise in sugar production for the 2025/26 season is expected to negatively impact prices, with forecasts indicating a 19% increase to 35 MMT due to favorable planting conditions. The USDA also projects global sugar production for the 2025/26 season will reach a record 189.318 MMT, contributing to an anticipated global sugar surplus of 7.5 MMT.
China’s sugar imports surged by 1,435% in June to 420,000 MT, and Coca-Cola’s switch to cane sugar in U.S. beverages is projected to increase U.S. sugar consumption by 4.4%, adding further complexity to the market dynamics.
