2025.12.1815:06:53UTC+00Sugar Futures at Over 1-Month Low

Sugar futures recently declined to approximately 14.4 cents per pound, marking their lowest value since mid-November. This drop is partly attributed to a weaker Brazilian real, which has encouraged an increase in exports from Brazil. Additionally, there are reports suggesting that India, one of the world's largest sugar producers, might export more than initially projected for this season, contributing further downward pressure on prices. This pressure is also fueled by positive projections for global supply. On December 15, the Indian Sugar Mills Association (ISMA) announced that India's sugar production from October 1 to December 15, 2025/26, rose by an impressive 28% over the previous year's figures, reaching 7.83 million tons. This growth aligns with the USDA's forecast, which anticipates a 26% increase in Indian sugar production for the 2025-26 period, attributing this rise to "favorable weather and expanded planting areas." The USDA also predicts that global sugar production will hit 189.3 million tons in the 2025/26 season, marking an 8.3 million-ton increase, which should alleviate recent concerns about supply shortages.