Sweet Surplus: India's Bumper Crop Sours Sugar Prices
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Sweet Surplus: India's Bumper Crop Sours Sugar Prices
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This is your Daily Sugar Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Sugar Price Tracker with Vanessa Clark. I'm Vanessa, your go-to guide for all things sugar market, and today we're diving into the latest on sugar prices, global supply shifts, and what it means for you.
Right now, sugar is trading at 14.47 cents per pound, down about 1.93 percent from yesterday and hitting a four-week low, according to Trading Economics. That's the lowest since November, with a 0.64 percent drop over the past month and a whopping 25 percent decline over the last year. TradingView reports it even dipped to 14.58 cents briefly before settling around 14.61 cents.
What's driving this slide? Plenty of bearish news on supply. Barchart says India's Sugar Mill Association raised its 2025-26 production estimate to 31 million metric tons, up 18.8 percent year-over-year, and cut ethanol use forecasts, freeing up more for export. India's food ministry just approved 1.5 million tons of exports this season, below earlier hopes but still pressuring prices. The USDA projects global production climbing 4.6 percent to a record 189 million metric tons, with India up 25 percent to 35 million tons thanks to good monsoons, and Thailand adding 2 percent to 10 million tons. The International Sugar Organization sees a 1.6 million ton surplus this year after last year's deficit, while Czarnikow bumped their surplus call to 8.7 million tons.
A stronger dollar is weighing in too, making sugar pricier for overseas buyers, per Reuters. On the flip side, Brazil's output rises to 44.7 million tons, but more cane for ethanol there might ease some flood.
For you at home or in business, here's your takeaway: with surpluses building, prices could stay soft into 2026, so if you're stocking up for baking, beverages, or trading, lock in now before any weather wildcards hit. Watch India and Thailand harvests closely-they're game-changers for sugar prices.
That's your daily sugar update, folks. Thanks for tuning in-you're the best. Subscribe, share with a friend, and catch you next time on Daily Sugar Price Tracker!
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