Sugar Futures Ease to 1-Week Lows

2026-07-10 15:52 By Luisa Carvalho 1 min. read

Sugar futures in the US fell below 15 US cents, reaching one-week lows, pressured by lower oil prices, which reduce incentives to divert sugarcane toward ethanol production and could boost sugar output.

Investors also monitored the recovery of India's monsoon, which has eased some concerns over global supplies, although broader structural factors continue to support the market.

The rainfall deficit narrowed to 15% below the historical average by July 8, a marked improvement from the 42% shortfall recorded at the end of June.

However, India's Ministry of Earth Sciences continues to warn that this year's monsoon could still be the weakest in 11 years.

Rainfall between June and September is critical for sugarcane development.

Meanwhile, the El Nino risk remained a concern.

The weather phenomenon typically causes drought and heat in major sugar-producing countries like India and Thailand, while it can also favor excessive rainfall during the harvest in Brazil.



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