**May NY world sugar #11 (SBK26) dropped by $0.02 (-0.13%) today, reaching a two-week low, as London ICE white sugar #5 (SWK26) saw no trading due to the UK markets being closed for Easter Monday. This decline follows India’s National Federation of Cooperative Sugar Factories Ltd. reporting a 9% year-on-year increase in sugar output for 2025-26 to 27.12 million metric tons (MMT).**
**Additionally, Brazil’s sugar output has seen a slight increase, with Unica reporting a 0.7% year-on-year rise to 40.25 MMT for the Center-South region. However, losses in sugar prices are somewhat mitigated by the strength of the Brazilian real, which has hit a 3.5-week high against the dollar, affecting export sales. Analysts predict a global sugar surplus of 3.4 MMT in the 2026/27 crop year, influenced by increased production in India, Thailand, and Pakistan.**
