On Tuesday, March NY world sugar #11 (SBH26) closed down by 0.24 cents (-1.60%), while March London ICE white sugar #5 (SWH26) decreased by 5.30 cents (-1.24%). This decline in sugar prices is attributed to increased production in India and Brazil.
The India Sugar Mill Association (ISMA) reported that India’s sugar output for 2025-26 from October 1 to January 15 is expected to reach 15.9 million metric tons (MMT), a 22% increase year-over-year. Meanwhile, Brazil’s sugar output is projected at 45 MMT for the same period, marking a 0.9% rise from last year. Overall, the global sugar surplus for 2025-26 is estimated at 4.7 MMT, up from 4.1 MMT in October, according to Covrig Analytics.
Additionally, the USDA forecasts global sugar production will rise by 4.6% year-over-year to a record 189.318 MMT, with major contributions from India, Brazil, and Thailand. India’s production is anticipated to increase 25% year-over-year to 35.25 MMT, driven by favorable conditions.
