DFM:DIB 28 February 2026

June 29, 2026, 2:56 PM EDT. Sugar prices moved higher with July NY sugar up 2.58%, hitting a three-week top. August London white sugar added 2.13%, trading at a 9.5-month high. Traders pointed to weak monsoon rains in India, the No. 2 sugar producer, which got 42% less rain than normal and faces its softest monsoon in 11 years. Brazil's mills are expected to produce less sugar too, as more cane is shifted to ethanol, bringing the share down to 41.4% from 50.1% a year ago. Global supply fears built after trader Czarnikow moved its forecast from a surplus to a small deficit. A strong El Niño could further dent harvests in Brazil, India, and Thailand.