Bullish
Sugar prices surge amid global supply concerns and El Niño impacts
Sugar prices have risen sharply due to global supply concerns exacerbated by El Niño effects. Key producers like Brazil and Thailand are facing production challenges, leading to a tightening market.
Key points
- Sugar futures hit 52-week high of 19.93 cents per pound on October 2, 2026, up 5.23% from the previous day.
- El Niño-induced drought in Thailand expected to reduce sugar output by at least 17%.
- Raizen, a major Brazilian sugar processor, reported a net loss of 1.8 billion reais ($333.8 million) for Q1 of the 2025/26 crop year.
- Egypt's Prime Minister reviewed sugarcane farmers' dues and procurement prices, ensuring adequate domestic sugar supply.
Sources
- International raw sugar rally hinges on production loss data from Brazil, IndiaChiniMandi · October 4, 2026
- Super El Niño is set to turn sugar glut to deficit this seasonMoneyweb · October 3, 2026
- Brazil sugar processor Raizen swings to loss in Q1 of 2025/26 cropTradingView News · October 4, 2026
- Madbouly reviews sugarcane farmers’ dues, strategic commodity procurement pricesDaily News Egypt · October 4, 2026
AI-generated from public news sources. Not financial advice.
