Sugar #16 May '25 (SDK25)
Sugar #16 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Wednesday closed up +0.37 (+2.47%), and Aug London ICE white sugar #5 (SWQ26) closed up +13.70 (+3.10%).
Sugar prices rallied sharply on Wednesday and posted 1-week highs amid an outlook for tighter global sugar supplies. Â On Wednesday, consultant Datagro raised its 2026/27 global sugar surplus deficit estimate to -3.17 MMT from -2.26 MMT previously. Â On Tuesday, StoneX predicted that the global sugar market will fall into a -550,000 MT deficit during the 2026/27 season from a 2.3 MMT surplus in the 2025/26 season.
On Monday, Citigroup projected Brazil's 2026/27 sugar production at 39.50 MMT, well below Conab's estimate of 43.95 MMT, citing Brazilian sugar mills' allocation of more sugarcane to ethanol production amid soaring gasoline prices.  Also, Citigroup said a potentially strong El Niño weather pattern this year could have "a significant impact" on sugar production in India and Thailand over the next 6 to 12 months. Â
On Apr... Read more
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