Sugar futures in the US traded around 14.8 US cents, the lowest in a week, as softer oil prices reduced incentives to divert sugarcane to ethanol production, improving the global sugar supply outlook. Meanwhile, India's strengthening monsoon reinforced expectations of higher sugar output after the world's second-largest producer entered a rainfall surplus in early July, with more rain forecast through mid-July. Despite improving near-term supply prospects, analysts expect weather-related supply risks to support prices over the medium term. El Niño continues to threaten crops in major producers such as India and Brazil, while Thailand remains under pressure from below-average rainfall and reduced planted area. Investors also monitored the pace of Brazil's harvest and mills' sugar-to-ethanol mix, as strong domestic ethanol demand continued. The latest data showed sugar production in Brazil's key Center-South region fell about 3% yoy to 2.31 million tons in the first half of June.
Sugar fell to 15.12 USd/Lbs on July 7, 2026, down 0.67% from the previous day. Over the past month, Sugar's price has risen 7.07%, but it is still 6.28% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Sugar reached an all time high of 65.20 in November of 1974. Sugar - data, forecasts, historical chart - was last updated on July 7 of 2026.
Sugar fell to 15.12 USd/Lbs on July 7, 2026, down 0.67% from the previous day. Over the past month, Sugar's price has risen 7.07%, but it is still 6.28% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Sugar is expected to trade at 14.82 Cents/LB by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 13.93 in 12 months time.