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This is your Daily Sugar Price Tracker with Vanessa Clark podcast.
Hey sugar lovers, welcome back to the Daily Sugar Price Tracker. I am Vanessa Clark, and today we are breaking down what is happening right now in the global sugar market so you can stay on top of prices, trends, and what they might mean for your wallet or your business.
Let us start with the headline number everyone is searching for today. The world benchmark raw sugar contract, Sugar Number Eleven traded in New York, is currently around 14 point 85 cents per pound for the March twenty twenty six futures contract, according to Barchart. That is slightly lower on the day, down about zero point zero six cents, after giving up some early gains when crude oil prices slumped. When oil falls, mills, especially in Brazil, often shift more cane into sugar instead of ethanol, which can increase sugar supply and pressure prices.
On the white sugar side, March twenty twenty six futures in London recently closed near 424 dollars per tonne, based on commentary from Czapp. That keeps white sugar comfortably within its recent trading range, with only modest intraday swings.
Globally, there is still a bearish undertone in sugar prices because supply is looking ample. Trading Economics reports that sugar futures have been hovering around 14 point 9 cents per pound recently, supported at times by a weaker dollar but weighed down by high inventories. The International Sugar Organization expects a global sugar surplus of about 1 point 63 million tonnes in the twenty twenty five to twenty twenty six season, a sharp turnaround from the deficit seen in the previous year. Brazil, the worlds largest exporter, continues to post strong production, and India has reported sugar output in the first two months of its twenty twenty five to twenty twenty six season up about 43 percent year on year, according to recent industry updates cited by Barchart.
Not all the news is about oversupply, though. Some dealers have pointed out that in Thailand, a key exporter, some farmers are switching from sugarcane to cassava due to low sugar prices and local sanitary issues. That could trim future supply a bit and may help put a floor under prices if the shift continues.
In China, sugar futures on the Zhengzhou Commodity Exchange have been a bit firmer. Xinhua reports that the most active January twenty twenty six sugar contract recently closed at 5,358 yuan per tonne, up 27 yuan on the day. China is a major sugar consumer and importer, so firmer domestic futures there are an important signal traders watch closely.
So what does all this mean for you if you are a small food business, a baker, or just someone who tracks sugar for budgeting or trading
First, this environment of relatively low and range bound global sugar prices can be an opportunity to lock in costs. If you run a bakery, beverage brand, or confectionery operation, consider talking with your suppliers about medium term contracts while the Sugar Number Eleven price stays in the mid teens per pound.
Second, keep an eye on weather and policy in Brazil, India, and Thailand. Because there is a surplus baked into forecasts, it might take a weather shock, export policy change, or a sharp move in energy markets to push prices dramatically higher. Until that happens, many analysts expect sugar to remain under gentle pressure.
Finally, if you are a home baker or just curious about grocery prices, do not expect dramatic sugar price spikes in the very near term based on current data. Retail prices move more slowly than futures, but today’s soft futures backdrop is generally friendly for consumers.
That is it for today’s Daily Sugar Price Tracker with me, Vanessa Clark. If you found this sugar price update helpful, make sure you subscribe, share this with a friend who watches commodity prices, and tune in next time for your latest daily sugar market update. Thanks for listening and talk to you soon.
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