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This is your Sugar podcast.
Hey everyone, welcome back to Daily Sugar Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on sugar markets as of April 9th, keeping you updated on prices, global trends, and what it all means for traders and producers.
First up, the current trading prices. In the international markets, New York Sugar number 11 front month is at 14.08 cents per pound, while London White Sugar number 5 front month is trading at $419.50 per ton. That's according to the latest from ChiniMandi and Czapp analysts. Prices have been tumbling lately, hitting lows not seen since early March, thanks to robust global supplies putting downward pressure on the market.
Why the slide? India's sugar output for 2025-26 is surging nine percent year-over-year to 27.12 million metric tons through March, as reported by their National Federation of Cooperative Sugar Factories. Brazil's center-south mills are also ramping up, with cumulative production up point seven percent to 40.25 million metric tons, and they're hedging more ahead of the new season. Add in forecasts from the International Sugar Organization predicting a 1.22 million metric ton surplus for 2025-26, driven by higher output in India, Thailand, and Pakistan, and you've got ample supply overwhelming demand.
Domestic Indian prices held mostly stable on April 9th. Muzaffarnagar M-grade at 4,020 to 4,120 rupees per quintal, Kolhapur S-grade dipped just 10 rupees to 3,710 to 3,750. Ex-mill rates in Maharashtra show S-grade at 3,700 to 3,720 rupees. Lower stocks are supporting sentiment there.
Other news: Brazil exported 1.81 million tons of sugar and molasses in March, slightly down from last year. CIS countries expect three percent more production to 7.4 million tons in 2026. And watch ethanol—Brazil may hike the gasoline blend to 32 percent, which could shift some cane to fuel over sugar.
For traders, this bearish outlook from surplus means stay cautious on longs, but disruptions like Strait of Hormuz issues could offer short-term bounces. Keep an eye on crude oil nearing $100 a barrel.
That's your sugar update—actionable insights to track those prices daily. Thanks for tuning in, friends—subscribe, share, and catch you next time on Daily Sugar Price Tracker!
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