Sugar #16 Nov '23 (SDX23)
Sugar #16 Futures Market News and Commentary
July NY world sugar #11 (SBN26) on Monday closed down -0.02 (-0.14%), and Aug London ICE white sugar #5 (SWQ26) closed down -1.80 (-0.40%).
Sugar prices erased an early advance on Monday and settled lower amid weakness in the Brazilian real (^USDBRL). The real fell to a 2-month low against the dollar on Monday, encouraging export sales from Brazil’s sugar producers.
The outlook for ample global sugar supplies is bearish for prices. On May 27, Unica reported that 2026/27 Brazil Center-South sugar production in April rose by 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 have support amid concerns that dry weather from an El Niño event could disrupt global sugar production. The emergence of an El Ni... Read more
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Barchart · Mon Jun 8, 1:23PM CDT
July NY world sugar #11 (SBN26 ) on Monday closed down -0.02 (-0.14%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -1.80 (-0.40%). Sugar prices...
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