Sugar #16 May '25 (SDK25)
Sugar #16 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Wednesday closed down -0.14 (-0.97%), and Aug London ICE white sugar #5 (SWQ26) closed down -1.00 (-0.22%).
Sugar prices gave up an early advance on Wednesday and settled lower.  NY sugar slipped from a 1-week high on Wednesday, and London sugar fell from a 2.5-week high after a rally in the dollar index ($DXY) to a 1.75-month high spurred long liquidation in sugar futures. Also, the outlook for ample global sugar supplies is bearish for prices. Last Wednesday, Unica reported that 2026/27 Brazil Center-South sugar production in April rose +55.3% y/y to 2.475 MMT, driven by higher yields, with sucrose per ton of cane at 112.58 kilograms, up +5.4% from the same time last year.Â
Strength in Thailand's sugar exports, the world's second-largest, is also bearish for prices. Thailand's 2026 sugar exports Jan-Apr rose +29% y/y to 1.6 MMT.Â
Sugar prices initially rose on Wednesday amid concerns that dry weather from an El Niño event cou... Read more
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