Sugar futures in the US rose to around 14.4 US cents, up from one-month-lows of 13.9 US cents hit on May 28, supported by higher oil prices that encourage cane diversion to ethanol production and may tighten supply. At the same time, concerns are rising over an emerging El Niño pattern and a weaker Indian monsoon outlook. India’s weather office projected monsoon rainfall at 90% of the long-term average for June–September, down from 92% in April. This led Covrig to reduce the global sugar surplus for 2026–27 to 100,000 tons, down from 1.4 million tons projected on March 7. Meanwhile, Unica reported a strong increase in sugar production in Brazil’s key Center-South region, with output rising 109.48% yoy to 1.8 million metric tons in the second half of April. Data also indicated a continued shift toward ethanol production, with mills directing 59.66% of cane to biofuel.
Sugar rose to 14.42 USd/Lbs on June 1, 2026, up 2.56% from the previous day. Over the past month, Sugar's price has fallen 5.69%, and is down 14.55% compared to the same time last year, 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 June 1 of 2026.
Sugar rose to 14.42 USd/Lbs on June 1, 2026, up 2.56% from the previous day. Over the past month, Sugar's price has fallen 5.69%, and is down 14.55% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Sugar is expected to trade at 13.96 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 12.93 in 12 months time.