As of Thursday, October NY world sugar #11 (SBV26) rose by 5.27% to reach a 10-month high, while October London ICE white sugar #5 (SWV26) increased by 3.18%. The surge follows concerns over declining global sugar production, notably in the European Union, where output is projected to drop to 14.98 million metric tons (MMT)—the lowest since 2015—due to adverse weather conditions.
In Brazil, the Center-South June sugar production fell by 26.3% year-on-year to 3.903 MMT, impacting the world’s largest sugar producer. Forecasts indicate a global sugar deficit for the 2026/27 season, with estimates ranging from 300,000 MT to 3.3 MMT, largely driven by climatic factors such as an emerging El Niño and dry conditions affecting key sugar-producing regions, including India. Key projected figures include a 6.5% drop in global sugar production to 184.854 MMT and an expected increase in human sugar consumption to 179.991 MMT in the same period.
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