Sugar Prices Rise Post-Oil Rally
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global sugar deficit forecastBarchart
•Business
Business & Economics
Sugar Prices Recover on Strength in Crude Oil
88% Informative
July NY world sugar # 11 ( SBN25 ) today is up +0.13 (+0.82%), and August London ICE white sugar # 5 (SWQ25) is up (+10.50 (+2.24%) Sugar prices today recovered from early losses and turned higher after a +2% rally in WTI crude oil sparked some short-covering in sugar futures.
The outlook for higher sugar production in India , the world's second -largest producer, is bearish for prices.
The USDA , in its bi-annual report released May 22 , projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT .
The USDA also forecasted that global sugar ending stocks would climb -7.5% y-y to 41.188 MMT and that global human sugar consumption would increase +1.4% .
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