On Friday, July NY world sugar #11 (SBN25) increased by 1.39% to close at +0.22, while August London ICE white sugar #5 (SWQ25) fell by 1.51%, closing down -7.30. This mixed settlement follows Pakistan’s announcement to import 250,000 metric tons of raw sugar due to a poor sugarcane harvest, along with a weakening dollar.
Over the past three months, sugar prices have plummeted, hitting four-year lows due to anticipated global oversupply. The USDA predicted that the 2025/26 global sugar output will rise 4.7% year-over-year to a record 189.318 million metric tons, with a surplus of 41.188 million metric tons. Additionally, India is expected to increase sugar production by 19% to 35 MMT, largely driven by favorable monsoon conditions, while Brazil’s sugar production is projected to reach 44.7 MMT, reflecting a 2.3% increase from the previous year.
