US sugar futures ease toward 18 cents after early-September highs
US sugar futures eased toward 18 cents per pound after early-September near 1½-year highs. Pressure stems from India’s plans to boost domestic supply, while tighter 2026/27 global supply expectations and weather risks limit downside.
Prices are facing some pressure from India, where measures to increase domestic sugar availability could reduce import requirements and weaken international demand. However, the downside is being limited by expectations of tighter global supplies in the 2026/27 season. 1 million tonnes. Weather risks are also increasing, with a strengthening El Niño potentially bringing drier conditions to parts of South and Southeast Asia.
Thailand’s sugar production is expected to fall by at least 17% to below 10 million tonnes, while below-normal monsoon rainfall in India is adding to concerns over Asian output.