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Barchart
Barchart
Rich Asplund

SHOCKING: Sugar prices fall sharply as india may boost sugar exports - You Need To See This

India ISMA ISO Brazil Thailand FAs The India Sugar Mill Association USDA

March NY world sugar #11 (SBH26) on Thursday closed down -0.28 (-1.90%), and March London ICE white sugar #5 (SWH26) closed down -6.40 (-1.52%).

Sugar prices fell sharply on Thursday to 1-week lows today amid prospects of higher sugar exports from India, after India's food secretary said the government may permit additional sugar exports to reduce a domestic supply glut.  Last month, India's food ministry said it would allow mills to export 1.5 MMT of sugar in the 2025/26 season.  India introduced a quota system for sugar exports in 2022/23 after late rain reduced production and limited domestic supplies.

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