Sugar prices fall after India’s decision to approve exports in new season
The National Federation of Cooperative Sugar Mills forecasts output to rise 19% in 2025-26.
Sugar futures hit a three-week low on expectations that India, the world’s second-largest sugar producer, will allow exports in the coming season, improving global supply prospects.
The most active contract in New York fell 1.5% to its lowest since July 3. Futures have fallen about 4% this week on expectations of ample supplies from top sugar producers Brazil, India and Thailand.
India may allow local sugar mills to export sugar in the season that starts in October, as early signs point to a bumper sugarcane crop. That prospect has helped push prices lower in recent trading sessions, according to StoneX analyst Lucas Fonseca.
The current monsoon season has seen above-average rainfall, spurring plantings. With sugarcane acreage expanding in key states like Maharashtra and Karnataka, the National Federation of Cooperative Sugar Factories Ltd. has forecast a 19% increase in production in 2025-26.
Raw sugar prices in New York fell 0.7% to 16.17 cents a pound. In London, white sugar prices fell 0.6%. Arabica coffee prices in New York rose 0.1%.
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