Sugar Futures at Over 3-Week Low

2026-05-22 13:57 By Luisa Carvalho 1 min. read

US sugar futures fell to around 14.6 US cents, the lowest since late April, weighed down by the dollar's strength and increased supply from top producer Brazil.

Ongoing sugarcane crushing in the Center-South region is further boosting physical availability and pressuring prices.

Meanwhile, the International Sugar Organization (ISO) raised its estimate of the 2025/26 global surplus, projecting record production of 182 million tons, up 3.5% from the previous season, and a surplus of 2.2 million tons versus a prior forecast of 1.22 million, reversing a 3.46 million-ton deficit in 2024/25.The outlook for 2026/27 is tighter, with production forecast to decline 1.15% to 180 million tons and a potential 262,000-ton deficit, partly due to potential El Niño impacts on key producers India and Thailand.

The brokerage firm Czarnikow, however, sees a modest 1.4 million-ton surplus, driven by stronger Chinese production.



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