Sugar #11 Oct '26 (SBV26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Thursday closed down -0.13 (-0.45%), and Aug London ICE white sugar #5 (SWQ26) closed up +2.40 (+0.54%).
Sugar prices settled mixed on Thursday, with NY sugar falling to a 7-week low. Dollar strength is weighing on sugar prices, as the dollar index ($DXY) rallied to a 2-month high on Thursday.
However, NY sugar prices recovered from their worst level, and London sugar moved higher on Thursday after sugar trader Czarnikow cut its global 2026/26 sugar surplus estimate from 1.4 MMT to a deficit of -10,000 MT as Brazil’s sugar mills produce more ethanol than sugar due to the surge in crude oil prices.
The outlook for ample global sugar supplies is bearish for prices. On May 27, Unica reported that 2026/27 Brazil Center-South sugar production in April rose by 55.3% y/y to 2.475 MMT, driven by higher yields, with sucrose per ton of cane at 112.58 kilograms, up 5.4% from the same time last year.Â
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