Sugar Prices Up to 5-Month Highs

2026-03-24 13:53 By Luisa Carvalho 1 min. read

Sugar futures in the US rose toward 15.8 US cents, the highest level since mid-October 2025, largely driven by a renewed increase in oil prices amid the ongoing Middle East conflict.

With higher oil prices, there is a growing trend of directing sugarcane production towards ethanol, reducing the supply of sugar on the international market.

A recent report by Czarnikow indicated several countries across Asia, including India, are expanding ethanol use in transport fuels amid high oil prices that continue to pressure gasoline demand.

Ethanol production in top producer Brazil is forecast to rise by some 4 billion liters in the 2026/27 season from a year earlier, which would set a record level, according to industry sources.

Nonetheless, price gains remain capped by abundant supply, particularly from India and Brazil.

Market attention is now focused on weather conditions in the key Center-South region, ahead of the 2026/27 harvest scheduled to start in April.



News Stream
Sugar Prices Up to 5-Month Highs
Sugar futures in the US rose toward 15.8 US cents, the highest level since mid-October 2025, largely driven by a renewed increase in oil prices amid the ongoing Middle East conflict. With higher oil prices, there is a growing trend of directing sugarcane production towards ethanol, reducing the supply of sugar on the international market. A recent report by Czarnikow indicated several countries across Asia, including India, are expanding ethanol use in transport fuels amid high oil prices that continue to pressure gasoline demand. Ethanol production in top producer Brazil is forecast to rise by some 4 billion liters in the 2026/27 season from a year earlier, which would set a record level, according to industry sources. Nonetheless, price gains remain capped by abundant supply, particularly from India and Brazil. Market attention is now focused on weather conditions in the key Center-South region, ahead of the 2026/27 harvest scheduled to start in April.
2026-03-24
Sugar Hits 22-week High
Sugar increased to 15.76 USd/Lbs, the highest since October 2025. Over the past 4 weeks, Sugar gained 12.34%, and in the last 12 months, it decreased 19.51%.
2026-03-24
Sugar Futures Ease from 5-Month Peak
Sugar futures in the US traded around 15.5 US cents, easing from five-month highs of 15.7 US cents scaled in March 20, influenced by movements in international oil prices and geopolitical factors. President Trump's move to postpone any strikes against Iran power plants by five days raised hopes for a potential de-escalation in the Middle East conflict, pushing oil prices sharply lower. Falling energy prices could encourage cane mills in top growers Brazil and India to produce more sugar and less ethanol. Adding pressure, Indian sugar mills have resumed exports after a brief slowdown, signing deals for 100,000 metric tons in a week as the weaker rupee and higher global prices made overseas sales profitable. Industry officials said shipments from India, the world’s second-largest sugar producer, will help buyers in Asia and Africa secure supplies at relatively lower prices.
2026-03-23