NYSE:SG 7 November 2025

May 24, 2026, 3:24 PM EDT. Sugar prices slipped with July New York world sugar down 1.41% and August London white sugar down 0.72%, pressured by a 29% rise in Thai exports, the world's second-largest sugar exporter. The International Sugar Organization (ISO) forecast a record global sugar crop of 182 million metric tons (MMT) for 2025/26, increasing the projected global surplus to 2.2 MMT. Despite current weakness, concerns over a likely El Niño event, predicted to reduce rainfall in major producing regions like Brazil, India, and Thailand, offer support. The ISO projects a 1.15% production decline and a deficit of 262,000 MT for 2026/27. Additional supply constraints include India's sugar export ban until September and lower Brazilian output due to more sugarcane diverted to ethanol.