March NY world sugar #11 (SBH26) on Friday closed down -0.30 (-1.90%), and December London ICE white sugar #5 (SWZ25) closed down -1.60 (-0.36%).
Sugar prices settled lower on Friday, with London sugar posting a 4.25-year nearest-futures low and NY sugar holding above Tuesday’s 3-week nearest-futures low. The outlook for robust global sugar supplies is weighing on prices. On Monday, BMI Group projected a global 2025/26 sugar surplus of 10.5 MMT, and last Tuesday, Covrig Analytics projected a global 2025/25 sugar surplus of 4.1 MMT.
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Sugar prices have been under pressure over the past seven months, with NY sugar posting a 4.5-year nearest-futures low (SBV25) last month on signs of higher sugar output in Brazil. On Thursday, Unica reported that Brazil’s Center-South sugar…
