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On Tuesday, October NY world sugar #11 closed up +0.08 (+0.50%), reaching a 4-week high, while December London ICE white sugar #5 climbed +6.00 (+1.30%), marking a 1.5-week high. This increase follows recent weaker dollar conditions and a surge in global demand, notably with Pakistan ordering 320,000 MT of sugar for immediate delivery.
In other price-related developments, Brazil reported a +18% year-on-year increase in sugar output for the second half of August, amounting to 3.872 million metric tons. This contrasts with expectations of a global sugar surplus of +2.8 million metric tons for the upcoming 2025/26 season, as projected by StoneX.
Global sugar production for the 2025/26 season is expected to rise by +4.7% year-on-year to a record 189.318 million metric tons, with India’s production anticipated to increase by +19% to 34.9 million metric tons due to favorable conditions, which may lead to heightened sugar exports.
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