October NY world sugar #11 (SBV26) closed up +0.35 (+2.39%) on Monday, and October London ICE white sugar #5 (SWV26) closed up +7.90 (+1.71%).
Sugar prices settled sharply higher on Monday, with NY sugar posting a 3-week high and London sugar posting a 2-week high. The outlook for tighter future sugar supplies is propelling prices higher after Covrig Analytics on Monday said it now expects a global sugar deficit in 2026/27 of -300,000 MT, compared to a June forecast for a +100,00 MT surplus. Meanwhile, Green Pool Commodity Specialists last Wednesday raised their global 2026/27 sugar deficit to -3.3 MMT from a June estimate of -1.76 MMT, and StoneX last Tuesday raised its 2026/27 global sugar deficit forecast to -1.7 MMT from a May estimate of -550,000 MT.
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