Sweet Surplus: How Record Production from India and Brazil is Driving Down Your Sugar Costs
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Sweet Surplus: How Record Production from India and Brazil is Driving Down Your Sugar Costs
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This is your Daily Sugar Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Sugar Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on sugar prices, production surges, and what it all means for you.
Right now, the March New York world raw sugar number eleven futures are settling at fourteen point seven two cents per pound, down point two four or about one point six percent. Over on the London ICE white sugar number five for March, its at four twenty two dollars and fifty cents per tonne, down five dollars and thirty cents, roughly one point two percent. Czapp reports the raw sugar market dipped to lows of fourteen point eight eight before stabilizing in the mid fourteen nineties.
Prices are sliding thanks to booming production. The India Sugar Mill Association says Indias sugar output from October first to January fifteenth hit fifteen point nine million metric tons, up twenty two percent from last year. Thats putting downward pressure as India eyes more exports to clear their surplus. Brazils Center South output is also up point nine percent to forty point one five eight million metric tons through mid December, with more cane going to sugar.
Globally, were looking at a surplus for twenty twenty five twenty six. USDA forecasts record production of one eighty nine point three million metric tons, outpacing consumption. Covrig Analytics pegs the surplus at four point seven million metric tons, though it could shrink next year as low prices curb planting.
Heres your takeaway: if youre baking, stocking up on sugar now could save you money before any future rebound. Traders, watch Indias export quotas and Brazils output for swings. Stay sweet, thanks for listening, subscribe and tune in tomorrow for more sugar updates. Talk soon!
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