Sugar Futures Up to Over 1-Week High
2026-02-18 16:04
By
Luisa Carvalho
1 min. read
Sugar futures in the US rose slightly to around 13.7 cents per pound, the highest since February 10, as the market consolidates following last week’s 2020-year lows, partly due to short-covering.
The recent decline in prices has made the commodity attractive to individual buyers, triggering a wave of pent-up demand.
Asian exporters reported increased purchasing flows, driven by the need for post-Ramadan restocking.
Meanwhile, indications that India’s crop may be smaller than previously expected added further support.
Despite the slight bounce, the upside potential for prices remains constrained by strong oversupply fundamentals.
Czarnikow projected global surpluses of 8.3 million tons in 2025/26 and 3.4 million tons in 2026/27, while Green Pool and StoneX estimated 2.7–2.9 million tons for the current cycle.
The scenario of abundance is reinforced by Brazilian data.
Sugar production in Brazil’s Center-South reached 40.236 million tons by mid-January, up 0.9% from the previous harvest.