Sugar #11 Oct '26 (SBV26)
Sugar #11 Futures Market News and Commentary
October NY world sugar #11 (SBV26) closed down -0.38 (-2.15%) on Tuesday, and October London ICE white sugar #5 (SWV26) closed down -18.90 (-3.53%).
Sugar prices settled sharply lower on Tuesday, with London sugar falling to a 1-week low. Long liquidation emerged in sugar on speculation that India will import less sugar than previously estimated. Also, Tuesday’s -3% slump in crude oil prices (CLV26) to a 1-week low undercuts ethanol prices and could potentially prompt the world’s sugar mills to divert cane crushing toward sugar production rather than ethanol, thus boosting global sugar supplies.
India-based sugar analyst Greenleaf said Monday that India will not be able to import more than 500,000 MT of sugar by October 31, well below expectations of 1 MMT. Also, the Indian Sugar & Bio Energy Manufacturers Association (ISMA) said there isn’t any sugar shortage in India, and supplies are adequate for meeting higher demand during the upcoming festival season. ISMA also... Read more
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October NY world sugar #11 (SBV26 ) closed down -0.38 (-2.15%) on Tuesday, and October London ICE white sugar #5 (SWV26 ) closed down -18.90 (-3.53%)....
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