Sugar Futures Hover Around 2-Week Lows

2026-04-06 14:58 By Luisa Carvalho 1 min. read

Sugar futures in the US traded around 15 US cents, holding close to the lowest since March 18, as the market weighed current supply availability.

The National Federation of Sugar Mill Cooperatives of India (NFCO) reported that India’s sugar production increased by 9% year-on-year to 27.12 million tons during Oct.–Mar. of the 2025/26 season.

However, output is expected to fall for a second consecutive year this season (2026/27), as lower cane yields force mills to halt operations and constrain supply.

In Brazil, Center-South sugar production rose 0.7% to 40.25 million tons in 2025/26, with a higher share of sugarcane processed into sugar.

Looking ahead, BMI, a unit of Fitch Solutions, forecasts global sugar production to decline 2.3% this season (2026/27), largely driven by an anticipated 8.7% drop in Brazilian output.

Meanwhile, sugar prices remain sensitive to oil price fluctuations amid the Middle East crisis, which can impact ethanol production and, consequently, sugar supply.



News Stream
Sugar Futures Hover Around 2-Week Lows
Sugar futures in the US traded around 15 US cents, holding close to the lowest since March 18, as the market weighed current supply availability. The National Federation of Sugar Mill Cooperatives of India (NFCO) reported that India’s sugar production increased by 9% year-on-year to 27.12 million tons during Oct.–Mar. of the 2025/26 season. However, output is expected to fall for a second consecutive year this season (2026/27), as lower cane yields force mills to halt operations and constrain supply. In Brazil, Center-South sugar production rose 0.7% to 40.25 million tons in 2025/26, with a higher share of sugarcane processed into sugar. Looking ahead, BMI, a unit of Fitch Solutions, forecasts global sugar production to decline 2.3% this season (2026/27), largely driven by an anticipated 8.7% drop in Brazilian output. Meanwhile, sugar prices remain sensitive to oil price fluctuations amid the Middle East crisis, which can impact ethanol production and, consequently, sugar supply.
2026-04-06
Sugar Futures Move Up
Sugar futures in the US rose to near 15.4 US cents, up from two-week lows of 15.2 hit on April 1st, largely driven by surging oil prices amid renewed concerns over the Middle East conflict. Higher oil prices encourage producers to allocate more sugarcane to ethanol, which reduces the global sugar supply. Hedgepoint Global Markets pointed out that the global sugar market remains largely unchanged in its fundamentals, with price dynamics being primarily influenced by external factors and technical movements. Market participants remain focused on the evolution of supply, especially in Brazil, where favorable weather conditions and stable estimates indicate prospects for greater availability. Reflecting this, Czarnickov raised its global production estimate for the 2025/26 season by 100,000 tons to 184.5 million metric tons, the second-highest on record, even after revising down India’s output.
2026-04-02
Sugar Futures at 2-Week Lows
Sugar futures in the US continued to fall to near 15.2 US cents, reaching the lowest in two weeks, partly influenced by falling crude oil prices on easing geopolitical concerns. Hostilities in the Middle East have recently pushed sugar prices to near six-month highs, as the conflict severely disrupted maritime traffic through the Strait of Hormuz, a key route for raw sugar destined for local refineries and white sugar exports. Nevertheless, ample global supply, particularly from Brazil, continues to weigh on prices. On March 27, Unica reported that accumulated sugar production in the Center-South region for the 2025/26 harvest increased 0.7% year-on-year to 40.25 million tons. Notably, the share of sugarcane allocated for sugar production rose to 50.61%, up from 48.08% last year. Meanwhile, Czarnickov raised its global production estimate for the 2025/26 season by 100,000 tons to 184.5 million metric tons, the second-highest on record, even after revising down India’s output.
2026-04-01