White Sugar #5 Aug '26 (SWQ26)
White Sugar #5 Futures Market News and Commentary
May NY world sugar #11 (SBK26) on Monday closed up +0.16 (+1.20%), and Aug London ICE white sugar #5 (SWQ26) closed up +5.30 (+1.29%).
Sugar prices moved higher on Monday amid signs of a smaller global sugar surplus. Â Sugar trader Czarnikow cut its 2026/27 global sugar surplus estimate on Monday to 1.1 MMT from 3.4 MMT in February, and cut its 2025/26 surplus estimate to 5.8 MT from 8.3 MMT. Â
Monday's +6% jump in crude oil prices (CLK26) is also supportive for sugar. Â Higher crude prices boost ethanol prices and could prompt the world's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
Sugar prices also have some support amid concerns over supply disruptions from the closure of the Strait of Hormuz. Â According to Covrig Analytics, the closure of the strait has curbed approximately 6% of the world's sugar trade, constraining refined sugar output.
Sugar prices have been under pressure for the pas... Read more
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