“`html
On October 4, 2023, March NY world sugar #11 (SBH26) closed down 2.83% at -0.47, while December London ICE white sugar #5 (SWZ25) fell 3.31% to -15.50. The price drop is attributed to an expected 5% increase in Thailand’s sugar production for the 2025/26 season, projected at 10.5 million metric tons (MMT), according to the Thai Sugar Miller Corp.
Global sugar prices have been negatively affected by forecasts of increased output“`html
On October 4, 2023, March NY world sugar #11 (SBH26) closed down 2.83% at -0.47, while December London ICE white sugar #5 (SWZ25) fell 3.31% to -15.50. The price drop is attributed to an expected 5% increase in Thailand’s sugar production for the 2025/26 season, projected at 10.5 million metric tons (MMT), according to the Thai Sugar Miller Corp.
Furthermore, global sugar prices are also impacted by forecasts of increased output from Brazil and India. Brazil’s second-half August sugar production rose 18% year-on-year to 3.872 MMT, and India’s 2025/26 production is expected to climb 19% to 34.9 MMT, influenced by favorable monsoon rains and larger planted cane acreage.
“`
