As of today, October NY world sugar #11 (SBV25) decreased by 0.09 (-0.53%), while October London ICE white sugar #5 (SWV25) increased by 1.00 (+0.21%). This follows a three-session rally which peaked at a two-month high on Tuesday.
Key reports indicate that Brazil’s sugarcane production for 2025/26 may fall below 600 million metric tons (MMT), significantly lower than the 663.4 MMT predicted by Conab. In contrast, India is expected to see increased sugar exports and production, with predictions of reaching 35 MMT for 2025/26, a 19% rise year-over-year due to favorable monsoon conditions.
The USDA forecasts global sugar production for 2025/26 to increase by 4.7% year-over-year to 189.318 MMT, with ending stocks rising by 7.5% year-over-year to 41.188 MMT. Global sugar consumption is projected to reach 177.921 MMT, marking a 1.4% increase year-over-year.
