Sugar prices averaged USD 17.68 cents per pound in May, down 2.6% from April. On 30 May, the commodity traded at USD 17.29 cents per pound, down 1.9% from 30 April.
Expectations of a global surplus capped sugar prices in May. Production in key exporters Brazil, India and Thailand is set to climb to near-record highs this year on favorable weather. While consumption levels should also reach a new peak in the 2025/26 marketing year, the USDA projected last month that global supply will outstrip demand by over 7% more than last year.
This chart displays Sugar (US¢/lb) from 2023 to 2025.
Sugar ISA (prices in US¢/lb, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Sugar ISA | - | 24.71 | 24.61 | 24.52 | 22.10 | 19.55 | 19.36 | 20.19 |