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Barchart
Barchart
Rich Asplund

UNBELIEVABLE: Sugar prices decline on the prospects of widening global surpluses - Caught on Camera

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March NY world sugar #11 (SBH26) on Friday closed down -0.43 (-2.93%), and March London ICE white sugar #5 (SWH26) closed down -7.10 (-1.72%).

This week's plunge in sugar prices continued on Friday, with NY sugar dropping to a 2.5-month low and London sugar sinking to a 5-year low.   The outlook for global sugar surpluses and higher global sugar production is hammering prices.  Green Pool Commodity Specialists said Thursday that they expect a 2.74 MMT global sugar surplus for 2025/26 and a 156,000 MT surplus for 2026/27.  Also, StoneX said Friday it expects a global sugar surplus of 2.9 MMT in 2025/26.

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