AMS:INPST 7 January 2026

June 30, 2026, 10:09 AM EDT. Sugar prices jumped in New York and London, reaching a three-week high in New York and the highest in nine months in London. Traders cited weaker monsoon rainfall in India, running 42% below normal, putting the sugarcane crop at risk. India's harvest depends on the June to September rains and it's the second-biggest sugar producer globally. In Brazil, more of the new sugarcane crop is being used for ethanol as oil prices rise, and sugar output forecasts have been cut. The global balance shifts into deficit for 2026/27, up from the previous surplus view. A strong dollar added some pressure but El Niño worries kept prices underpinned as markets watch for lower yields in key regions.