{"id":26155,"date":"2025-11-10T20:39:00","date_gmt":"2025-11-11T01:39:00","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/11\/10\/ny-sugar-prices-move-higher-on-brazilian-real-strength\/"},"modified":"2025-11-10T20:39:00","modified_gmt":"2025-11-11T01:39:00","slug":"ny-sugar-prices-move-higher-on-brazilian-real-strength","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/11\/10\/ny-sugar-prices-move-higher-on-brazilian-real-strength\/","title":{"rendered":"NY Sugar Prices Move Higher on Brazilian Real Strength"},"content":{"rendered":"<div class=\"layout__region nsdq-l-grid__item syndicated-article-body\">\n<section class=\"jupiter22-c-article-body\">\n<div class=\"body\">\n<div class=\"body__content\">\n<p>March NY world sugar #11 (SBH26) on Monday closed up +0.10 (+0.71%), and December London ICE white sugar #5 (SWZ25) closed down -1.40 (-0.34%).<\/p>\n<p>Sugar prices settled mixed on Monday, with London sugar posting a new 4.75-year nearest-futures low. \u00a0The outlook for robust global sugar supplies is pressuring prices. \u00a0Last Thursday, NY sugar prices slumped to a 5-year nearest-futures low, mainly due to higher sugar output in Brazil and talk of a global sugar surplus. \u00a0Last Wednesday, sugar trader Czarnikow boosted its global 2025\/26 sugar surplus estimate to 8.7 MMT, up +1.2 MMT from a September estimate of 7.5 MMT. \u00a0<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-E_k\"  class=\"btf-bodymidpagetwothirdswidth-1\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-E_k')) {             googletag.display('js-dfp-tag-E_k');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>     <span>Don\u2019t Miss a Day: <\/span> From crude oil to coffee, sign up free for Barchart\u2019s best-in-class commodity analysis.  <\/p>\n<p>\u00a0<\/p>\n<p>NY sugar garnered support Monday from strength in the Brazilian real. \u00a0The real (^USDBRL) rallied to a 5-week high against the dollar on Monday, discouraging export sales from Brazil's sugar producers.<\/p>\n<p>The outlook for record sugar output in Brazil is bearish for prices. \u00a0On Tuesday, Conab, Brazil's crop forecasting agency, raised its Brazil 2025\/26 sugar production estimate to 45 MMT from a previous forecast of 44.5 MMT. \u00a0Last Thursday, Unica reported that Brazil's Center-South sugar output in the first half of October rose by +1.3% y\/y to 2.484 MT. \u00a0Also, the percentage of sugarcane crushed for sugar by Brazil's sugar mills in the first half of October increased to 48.24% from 47.33% the same time last year. \u00a0In addition, cumulative 2025-26 Center-South sugar output through mid-October rose +0.9% y\/y to 36.016 MMT. \u00a0In related news, Datagro on October 21 projected that Brazil's Center-South 2026\/27 sugar production will climb +3.9% y\/y to a record 44 MMT. \u00a0<\/p>\n<p>Signs of a larger sugar crop in India, the world's second-largest producer, are undercutting prices after the India Sugar Mill Association (ISMA) on Tuesday raised its 2025\/26 India sugar production estimate to 31 MMT from an earlier forecast of 30 MMT, up +18.8% y\/y. \u00a0The ISMA also cut its estimate for sugar used for ethanol production in India to 3.4 MMT from a July forecast of 5 MMT, which may allow India to boost its sugar exports.<\/p>\n<p>The outlook for higher sugar exports from India is negative for sugar prices, as abundant monsoon rains may produce a bumper sugar crop. \u00a0On September 30, India's Meteorological Department reported that cumulative monsoon rainfall as of that date was 937.2 mm, 8% above normal, marking the strongest monsoon in five years. \u00a0On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025\/26 sugar production would climb +19% y\/y to 34.9 MMT, citing larger planted cane acreage. \u00a0That would follow a -17.5% y\/y decline in India's sugar production in 2024\/25 to a 5-year low of 26.1 MMT, according to the Indian Sugar Mills Association (ISMA). \u00a0<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-r2M\"  class=\"btf-bodymidpagetwothirdswidth-2\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-r2M')) {             googletag.display('js-dfp-tag-r2M');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p>Another bearish factor for sugar was the recent assertion from sugar trader Sucden that India may divert only 4 MMT of sugar to make ethanol in 2025\/26, which is not enough to ease the country's sugar surplus and may prompt India's sugar mills to export as much as 4 MMT of sugar, above earlier expectations of 2 MMT.<\/p>\n<p>The outlook for higher sugar production in Thailand is bearish for prices. \u00a0The Thai Sugar Millers Corp on October 1 projected that Thailand's 2025\/26 sugar crop will increase by +5% y\/y to 10.5 MMT. \u00a0On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024\/25 sugar production rose +14% y\/y to 10.00 MMT. \u00a0Thailand is the world's third-largest sugar producer and the second-largest exporter.<\/p>\n<p>The International Sugar Organization (ISO) forecasted a global sugar deficit for the 2025\/26 season on August 29, marking the sixth consecutive year of deficits. \u00a0ISO projects a global 2025\/26 sugar deficit of -231,000 MT, down from the -4.88 MMT shortfall in 2024\/25. \u00a0ISO also projects that 2025\/26 global sugar production will rise by +3.3% y\/y to 180.6 MMT, and 2025\/26 global sugar consumption will increase by +0.3% y\/y to 180.8 MMT.<\/p>\n<p>The USDA, in its bi-annual report released May 22, projected that global 2025\/26 sugar production would climb +4.7% y\/y to a record 189.318 MMT and that global 2025\/26 human sugar consumption would increase +1.4% y\/y to a record 177.921 MMT. \u00a0The USDA also forecast that 2025\/26 global sugar ending stocks would climb by +7.5% y\/y to 41.188 MMT. \u00a0The USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025\/26 sugar production would rise by 2.3% y\/y to a record 44.7 MMT. \u00a0FAS also predicted that India's 2025\/26 sugar production would increase by 25% y\/y to 35.3 MMT, driven by favorable monsoon rains and increased sugar acreage. \u00a0In addition, FAS predicted that Thailand's 2025\/26 sugar production will increase by +2% y\/y to 10.3 MMT.\u00a0<\/p>\n<p><i>     On the date of publication,      Rich Asplund              did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.          For more information please view the Barchart Disclosure Policy      here. <\/i><\/p>\n<p>\u00a0<\/p>\n<div class=\"ads__inline\">\n<div id=\"js-dfp-tag-lBk\"  class=\"btf-bodymidpagetwothirdswidth-3\">          <script type=\"text\/javascript\">         googletag.cmd.push(function() {             \/\/ Check if ID matches ID in the window.adsList array before calling googletag.display             function isAdInAdsList(id) {             for (var i = 0; i < window.adsList.length; i++) {                 if (window.adsList[i].id === id) {                     return true;                 }             }             return false;         }         if (isAdInAdsList('js-dfp-tag-lBk')) {             googletag.display('js-dfp-tag-lBk');         }         });     <\/script> <\/div>\n<\/p><\/div>\n<p> More news from Barchart <\/p>\n<ul>\n<li>Dear Grain and Cotton Traders, Mark Your Calendars for November 14<\/li>\n<li>Another Similarity Between Soybeans and Cattle Is...<\/li>\n<li>Coffee Is Percolating. How Much Higher Will Prices Go from Here?<\/li>\n<li>Grain Bulls Are Back in Business as China Resumes Soybean, Wheat Purchases. What Comes Next?<\/li>\n<\/ul>\n<p class=\"body__disclaimer\">The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>        <script type=\"text\/javascript\">   \/\/ add oddAd class to every odd instance of body .ads__inline for different placeholder styles   let articleAds = document.querySelectorAll('.ads__inline');   for (let i = 0, len = articleAds.length; i < len; i++) {     \/\/ Do the below only if the curent count is less than 12     if ((i < 12) &#038;&#038; (i % 2 === 0)) {       articleAds[i].className += ' oddAd';     }   } <\/script>                                               <\/p>\n<div class=\"jupiter22-c-tags jupiter22-c-tags-default\">\n<h3 class=\"jupiter22-c-tags-title\">         Tags       <\/h3>\n<div class=\"jupiter22-c-tags-container\">Stocks<\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>March NY world sugar #11 (SBH26) on Monday closed up +0.10 (+0.71%), and December London ICE white sugar #5 (SWZ25) closed down -1.40 (-0.34%). Sugar prices settled mixed on Monday, with London sugar posting a new 4.75-year nearest-futures low. \u00a0The outlook for robust global sugar supplies is pressuring prices. \u00a0Last Thursday, NY sugar prices slumped [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[18],"tags":[],"class_list":["post-26155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/26155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=26155"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/26155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/26156"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=26155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=26155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=26155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}