Sugar #11 Mar '20 (SBH20)
Sugar #11 Futures Market News and Commentary
May NY world sugar #11 (SBK26) on Wednesday closed down -0.37 (-2.67%), and May London ICE white sugar #5 (SWK26) closed down -4.70 (-1.11%).
Sugar prices gave up an early advance on Wednesday and sold off sharply, with NY sugar sinking to a 5.5-year nearest-futures low. Â Sugar prices have been under pressure for the past two weeks amid expectations of abundant global supplies. Â
The outlook for the global sugar surplus to persist is weighing on prices. Â On February 11, analysts from sugar trader Czarnikow said they expect a global sugar surplus of 3.4 MMT in the 2026/27 crop year, following an 8.3 MMT surplus in 2025/26. Â Also, Green Pool Commodity Specialists said on January 29 that they expect a global sugar surplus of 2.74 MMT for 2025/26 and 156,000 MT for 2026/27. Â Meanwhile, StoneX said February 13 that it expects a global sugar surplus of 2.9 MMT in 2025/26.
The International Sugar Organization (ISO) on February 27 forecasted a +1.22 MMT (million metric to... Read more
Barchart · 1 hour ago
May NY world sugar #11 (SBK26 ) on Wednesday closed down -0.37 (-2.67%), and May London ICE white sugar #5 (SWK26 ) closed down -4.70 (-1.11%). Sugar prices...
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