Sugar #11 Jul '26 (SBN26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Monday closed up +0.22 (+1.50%), and Aug London ICE white sugar #5 (SWQ26) closed up +5.30 (+1.23%).
Sugar prices rose sharply on Monday amid concerns about tighter global supplies.  Citigroup projects Brazil's 2026/27 sugar production at 39.50 MMT, well below Conab's estimate of 43.95 MMT, citing mills' actions in Brazil to allocate more sugarcane to ethanol production due to soaring gasoline prices.  Also, Citigroup said a potentially strong El Niño weather pattern this year could have "a significant impact" on sugar production in India and Thailand over the next 6 to 12 months. Â
On April 30, Unica reported that 2026/27 Brazil Center-South sugar production in the first half of April fell -11.9% y/y to 647 MT, with mills cutting the amount of cane crushed for sugar production to 32.9% from 44.7% last year. Â On April 28, Conab, in its initial report for the new sugar season, reported that 2026/27 Brazilian sugar output will decline by... Read more
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