Sugar Prices

Sugar prices averaged USD 14.31 cents per pound in November, down 5.9% from October. On 28 November, the commodity traded at USD 14.87 cents per pound, up 5.1% from 31 October.

In November, sugar prices fell to the lowest level since December 2020, undercut by ramped-up production in Brazil and India plus expectations of a global market surplus in 2025/26. Nevertheless, prices regained some ground later in the month on concerns over tight global supply: Projections for Brazilian output in 2026/27 were recently cut and Indian authorities will allow smaller-than-previously-expected exports in 2025/26.