US sugar futures hover near 1-1/2-year high as supply tightens
US sugar futures traded above 18 cents per pound, holding close to the highest since April 2025. Supply tightening outlook points to a move from a 1.1 million-tonne 2025/26 surplus to a 200,000-tonne 2026/27 deficit.
US sugar futures traded above 18 cents per pound, staying near their highest level since April 2025 as the market was supported by expectations of tighter global supply. The ISO said the global sugar market is expected to move from a 1.1 million-tonne surplus in 2025/26 to a 200,000-tonne deficit in 2026/27, while production is forecast to fall 1% to 180.1 million tonnes. It said potential El Niño-related crop disruptions in India and Thailand remain a key risk, and the European Union Sugar Market Observatory expects the bloc's 2026/27 production to drop 19% to 13.4 million tons.