Sugar #11 May '23 (SBK23)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Monday closed down -0.07 (-0.47%), and Aug London ICE white sugar #5 (SWQ26) closed down -2.00 (-0.46%).
Sugar prices fell to 1-week lows on Monday and settled lower after the International Sugar Organization (ISO) forecast a record global sugar crop for the 2025/26 season and raised its global surplus estimate. Â The ISO forecasts 2025/26 global sugar production at a record 182 MMT, up +3.5% y/y, and raised its 2025/26 global sugar surplus estimate to 2.2 MMT from a February forecast of 1.22 MMT, rebounding from a -3.46 MMT deficit in 2024-25.
Losses in sugar were limited on Monday on future estimates from the ISO for smaller global production and a sugar deficit.  The ISO on Monday projected 2026/27 global sugar production of 180 MMT, down 1.1% y/y, and a global sugar deficit of 262,000 MT, citing the potential impact of an El Niño weather pattern on harvests in India and Thailand.
Last Monday, Citigroup projected Brazil's 2026/2... Read more
Barchart · 1 hour ago
July NY world sugar #11 (SBN26 ) on Monday closed down -0.07 (-0.47%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.00 (-0.46%). Sugar prices...
Barchart · 1 hour ago
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