Today: 19 March 2026
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NYSE:SHAK 6 January 2026

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  • Sugar Prices Surge on Rising Gasoline Costs and Export Supply Disruptions
    March 19, 2026, 2:48 PM EDT. Sugar prices climbed to five-month highs, with May NY world sugar up 3.38% and May London ICE white sugar up 2.67%. The rise is driven by soaring gasoline prices, which boost ethanol prices and encourage more ethanol production over sugar at mills. Supply constraints worsened by the Strait of Hormuz closure have cut about 6% of global sugar trade, reducing refined sugar output. Despite forecasts of global sugar surpluses in 2025/26 and 2026/27 from multiple analysts and the International Sugar Organization, lower sugar production in Brazil and reduced Indian ethanol use may tighten supply. India, the world's second-largest sugar producer, recently increased export quotas, pressuring prices amid rising export volumes.
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