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On Friday, March NY world sugar #11 closed up by +0.15 (+1.05%), while December London ICE white sugar #5 rose by +1.70 (+0.41%). This increase followed a three-week decline in sugar prices, attributed to technical short covering and oversold conditions.
Recent data revealed that Brazil’s Center-South sugar output for the first half of October increased by +1.3% year-on-year to 2.484 million tonnes, with projections for record production of 44 million tonnes in 2026/27. Similarly, India’s sugar production is anticipated to grow by 19% in 2025/26, reaching 34.9 million tonnes, influenced by favorable monsoon rains.
The International Sugar Organization forecasts a global sugar deficit of -231,000 tonnes for the 2025/26 season, down from a shortfall of -4.88 million tonnes in the previous season. Meanwhile, the USDA expects global sugar production for 2025/26 to rise +4.7% year-on-year to a record 189.318 million tonnes.
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