Sugar Futures at 2-Week Lows

2026-03-05 16:50 By Luisa Carvalho 1 min. read

Sugar futures in the US traded around 13.7 cents per pound, the lowest level in two weeks, as expectations of ample supply outweighed geopolitical risks from the Middle East crisis, including higher oil and transportation costs.

The downward pressure on prices of the sweetener comes amid prospects of global surpluses in the coming harvests, led by India.

The Indian Sugar and Bio-energy Manufacturers Association (ISMA) reported that the country's production between October 1st and February 28th of the 2025/26 crop year reached 24.75 million tons, a 12% increase compared to the same period of the previous cycle.

Meanwhile, analysts at Czarnikow project a global cocoa surplus of 3.4 million tons in 2026/27, following an even larger 8.3 million-ton surplus in 2025/26.

Other consultancies point to similar outcomes, with Green Pool estimating surpluses of 156,000 tons in 2026/27 and 2.74 million tons in 2025/26, while StoneX projects a 2.9 million-ton surplus in 2025/26.



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