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On Tuesday, March NY world sugar #11 closed up 1.49%, and March London ICE white sugar #5 rose by 1.97%. This increase follows reports that European sugar producers are expected to cut sugar acreage by 10% for the 2026-27 season, influenced by a 10% drop in sugar beet acreage for the current 2025-26 season.
India’s sugar production from October to November surged 43% year-over-year to 4.11 million metric tons (MMT), with 428 sugar mills crushing cane as of November 30, up from 376 a year ago. In Brazil, the 2025/26 sugar production estimate rose to 45 MMT due to an 8.7% year-over-year increase in output for early November.
The International Sugar Organization forecasts a 1.625 million MT surplus for 2025-26, influenced by rising production in India, Thailand, and Pakistan. Global sugar production is expected to increase by 3.2% year-over-year to 181.8 million MT, as sugar prices have experienced downward pressure since early October due to higher output marring market conditions.
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