Sugar Surplus Squeeze: Why Global Glut Is Keeping Prices Sweet But Steady
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Sugar Surplus Squeeze: Why Global Glut Is Keeping Prices Sweet But Steady
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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 Vanessa, and today were diving into the latest on sugar prices, whats driving the market, and some smart tips to help you stay ahead.
Right now, the front month New York Sugar number 11 contract is trading at about 14.68 cents per pound, down a bit from recent highs, while London White Sugar number 5 sits at 420.90 dollars per ton. Czapp reports show these futures dipped today amid slow trading and some selling pressure, but theyre holding steady in a tight range. In India, ChiniMandi says domestic ex-mill prices are stable, like 3650 to 3660 rupees per quintal for S30 in Maharashtra and around 3800 in South Karnataka. Russias NME exchange saw refined sugar at about 51500 rubles per metric ton.
The big story is global oversupply keeping a lid on prices. USdas latest forecast points to record 2025-26 production at 189 million metric tons, way above consumption, thanks to higher output in Brazil, India up 25 percent year-over-year per ISMA, and Thailand. Brazil hit 40 million tons by mid-December, per Unica. That surplus vibe from ISO and others means no quick rally soon, though some analysts like Covrig see it easing next year.
For you traders and buyers, heres your takeaway: watch Brazil output and index buying this week for short-term pops, but lock in hedges if youre long sugar, as weakness could linger. Diversify into ethanol plays if cane shifts there.
Thats your sugar update, pals. Thanks for tuning in, subscribe so you never miss a beat, and catch you next time on Daily Sugar Price Tracker!
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