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  • Sugar Hits 3-Week Low as Crude Oil Slumps and Output Rises
    July 28, 2026, 2:27 PM EDT. Sugar fell to a three-week low, with May NY world sugar slipping 1.99% and May London ICE white sugar shedding 1.49%. A 16% plunge in crude oil prices pushed ethanol values lower, prompting sugar mills to raise sugar production. India's sugar output grew 9% y/y to 27.12 MMT, while Brazil's Center-South region posted a 0.7% y/y increase. With global sugar surplus projections still high, prices remain under pressure.