Sugar Rush or Price Crush: Why India's Record Output Has Markets Feeling Bittersweet
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Sugar Rush or Price Crush: Why India's Record Output Has Markets Feeling Bittersweet
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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 me, Vanessa Clark. Today, were diving into the latest on sugar prices, production updates, and what it all means for you.
First up, the current trading prices. On the New York ICE, the front month raw sugar contract settled at 14.96 cents per pound, up nicely from recent lows thanks to some fund short covering. London white sugar is trading around 424 dollars per ton, with the March contract closing at 428.40. In India, ChiniMandi reports domestic ex-mill prices holding steady, like S-grade in Kolhapur at 3,530 to 3,580 rupees per quintal, while Uttar Pradesh M-grade rose to 3,879 to 3,970 rupees per quintal.
Big news from production: Indias sugar output soared 22 percent to 15.9 million metric tons as of January 15, per the Indian Sugar Mills Association, led by Maharashtra, Uttar Pradesh, and Karnataka. Brazils Center-South production is also up slightly at 40.158 million metric tons through mid-December. Globally, were looking at record 2025-26 output around 189 million metric tons according to the USDA, creating a surplus thats keeping long-term pressure on prices. But heres the flip: weaker prices might trim next years supply.
On the market front, sugar stocks in India dipped 1 to 2 percent today despite the production boom, as mills squeeze under rising costs and call for a minimum selling price hike to cover farmer payments.
For you at home or in business, heres your takeaway: With ample supply, lock in contracts now if youre buying, but watch for export shifts from India that could tighten things later. Stay sweet and smart out there.
Thanks for tuning in, friends. Subscribe, share with a buddy, and catch you next time on Daily Sugar Price Tracker!
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