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This is your Daily Sugar Price Tracker with Vanessa Clark podcast.
Hello everyone, I'm Vanessa Clark, and welcome to the Daily Sugar Price Tracker. Today, we're going to dive into the latest developments in the sugar market.
As of today, sugar prices have reached a milestone, dipping to around 15.24 cents per pound. This marks a significant drop, with sugar futures falling to levels not seen since March 2021. The primary driver behind this decline is the expectation of ample global supplies. Brazil, the world's largest sugar producer, is anticipating another large harvest. In the center-south region, sugar production rose by 10.8% year-on-year in the second half of September, reaching 3.14 million metric tons. Datagro estimates that this production will increase by 3.1% in the 2025/26 season, reaching 41.42 million tons.
India and Thailand are also projected to contribute to the global sugar surplus. India's sugar production is expected to rise by 19% to 34.9 million metric tons thanks to favorable monsoon rains and increased plantations. Thailand's production is forecasted to increase by 5% to 10.5 million metric tons. The BMI Group has projected a global sugar surplus of 10.5 million tons for the 2025/26 season, underscoring the abundance of sugar internationally.
The International Sugar Organization forecasts a small global sugar deficit of 231,000 metric tons for the 2025/26 season, but this is substantially smaller than previous years. Overall, the outlook for sugar prices remains bearish due to these robust supply projections.
For those interested in trading or investing in sugar, it's essential to keep an eye on these supply dynamics. The USDA has also projected a record 189.318 million metric tons of global sugar production for the 2025/26 season, which could further pressure prices.
Thanks for tuning in today Be sure to subscribe and join us next time for more updates on the sugar market. Until then, stay informed and keep tracking those sugar prices
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