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Sugar #11 Mar '26 (SBH26)

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Sugar #11 Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Sugar #11 prices and Sugar #11 futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Tue, Jan 20th, 2026.
Latest price quotes as of [[ snapshotDate ]].
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Sugar #11 Futures Market News and Commentary

Robust Sugar Production in India Knocks Prices Lower

March NY world sugar #11 (SBH26) on Tuesday closed down -0.24 (-1.60%).  March London ICE white sugar #5 (SWH26) closed down -5.30 (-1.24%).

Sugar prices retreated on Tuesday amid ramped-up production in India.  On Monday, the India Sugar Mill Association (ISMA) reported that India's 2025-26 sugar output from Oct 1-Jan 15 is up +22% y/y to 15.9 MMT.  

Higher sugar production in Brazil is also bearish for prices after Unica reported last Tuesday that Brazil's cumulative 2025-26 Center-South sugar output through mid-December rose by +0.9% y/y to 40.158 MMT.  Also, the ratio of cane crushed for sugar rose to 50.91% in 2025/36 from 48.19% in 2024/25.

The outlook for a global sugar surplus is weighing on prices.  Last Monday, Covrig Analytics raised its 2025/26 global sugar surplus estimate to 4.7 MMT from 4.1 MMT in October.  However, Covrig projects that the 2026/27 global sugar surplus will fall to 1.4 MMT, as weak prices discourage production.

Signs of stronge... Read more

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