On October 10, sugar prices saw an increase, with October NY world sugar #11 (SBV25) closing up by 1.60% to $16.45 and August London ICE white sugar #5 (SWQ25) rising by 5.40% to $493.80. The USDA announced late Monday that the U.S. will limit specialty sugar imports to comply with international trade laws.
Concerns arose as Pakistan revised its sugar tender from 300,000 MT to 50,000 MT to manage soaring domestic prices. Meanwhile, global sugar production is expected to rise, with USDA projecting a 4.7% year-over-year increase to 189.318 million metric tons for the 2025/26 season, amid a forecasted global surplus of 7.5 million metric tons. In contrast, Brazil’s sugar output dropped by 14.3% year-over-year to 12.249 million metric tons as of June, influenced by drought and excessive heat.
