Sugar #16 Nov '10 (SDX10)
Sugar #16 Futures Market News and Commentary
July NY world sugar #11 (SBN26) today is down -0.38 (-2.61%), and Aug London ICE white sugar #5 (SWQ26) is down -6.70 (-1.53%).
Sugar prices are selling off today, with NY sugar falling to a 1-month low and London sugar falling to a 3-week low on higher sugar output in Brazil. Â Unica today 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
Today's slump in crude oil prices (CLN26) to a 5-week low is also bearish for sugar prices. Â Weak crude prices undercut ethanol prices and could spur global sugar mills to divert more cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies.
Strength in Thailand's sugar exports, the world's second-largest, is also pressuring prices. Â Thailand's 2026 sugar exports Jan-Apr rose +29% y/y to 1.6 MMT.
Last Monday, the ISO forecast a reco... Read more
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