Reported 2 days ago
Sugar prices have fallen to their lowest levels in four years as global production is projected to significantly increase, particularly in India and Brazil. The USDA forecasts a global sugar surplus of 41.188 million metric tons for the 2025/26 season, driven by expected larger harvests. While some funds showed short covering in London today, the overall outlook remains bearish due to the anticipated record production levels, which could further depress prices.
Source: YAHOO