NASDAQ:CATX 30 January 2026

June 25, 2026, 4:31 PM EDT. Sugar prices showed mixed results on Thursday, settling above Monday's two-month lows triggered by the reopening of the Strait of Hormuz, which eased global supply disruptions and reduced shipping costs. The U.S. dollar's strength also pressured prices as the dollar index hit a 13-month peak. However, losses are limited by concerns over weak monsoon rains in India, the world's second-largest sugarcane producer, which threatens harvest yields. India's monsoon is 42% below normal, potentially the weakest in 11 years. Additionally, Brazil's sugar production for 2026/27 is forecast to decline due to increased ethanol production, with a shift in sugarcane use from sugar to ethanol. The emergence of an El Niño weather pattern, likely to reduce rainfall in major sugar-producing regions, adds further upside risk to prices.