Sugar #11 May '26 (SBK26)
Sugar #11 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Friday closed down -0.09 (-0.65%), and Aug London ICE white sugar #5 (SWQ26) closed down -1.70 (-0.38%).
Sugar prices traded lower on Friday, with NY sugar falling to a 7-week low. Sugar prices were pressured by a slightly stronger dollar and the possibility of a US-Iran interim peace agreement, which would allow freer sugar flows in the Middle East. According to Covrig Analytics, the closure of the strait has curbed approximately 6% of the world’s sugar trade.
Sugar prices saw support after India’s Meteorological Department on Friday reported that India’s cumulative monsoon rainfall was 26% below normal as of June 12.  India’s monsoon season runs from June through September.
As a bullish factor, sugar trader Czarnikow on Thursday cut its global 2026/27 sugar balance estimate from a surplus of 1.4 MMT to a deficit of -100,000 MT, as Brazil’s sugar mills produce more ethanol than sugar amid the surge in crude oil prices.
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July NY world sugar #11 (SBN26 ) on Friday closed down -0.09 (-0.65%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -1.70 (-0.38%). Sugar prices...
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