October New York sugar #11 (SBV26) closed at $0.01 higher (+0.06%) on October 9, while October London ICE white sugar #5 (SWV26) rose by $1.70 (+0.32%). Prices are currently supported amid concerns of dwindling supplies from leading producers due to adverse weather conditions and changing production focuses.
The International Sugar Organization (ISO) projects a global sugar deficit of 200,000 metric tons for the 2026/27 season, revising earlier forecasts that anticipated a surplus. Meanwhile, Thailand’s sugar production is predicted to drop by 17% year-over-year to 10 million metric tons. In Brazil, June sugar production fell by 26.3% year-over-year, alongside predictions of reduced production due to a strengthening El Niño weather pattern.
India’s Meteorological Department reported that cumulative monsoon rainfall is 15% below normal, raising concerns for the second-largest sugar producer’s output. In response to local supply strains, India recently permitted up to 1 million metric tons of tax-free raw sugar imports until October 31.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
