24.02.202616:58:04UTC+00Sugar Futures at Over 2-Week High

US sugar futures extended their advance, climbing above 14.1 cents per pound to the highest level in more than two weeks. The move was supported in part by a stronger Brazilian real, which makes Brazilian exports less competitive and eases downward pressure on global prices.

Prices also found support from fresh concerns about output in India, where excessive rainfall has curbed sugarcane yields. According to Reuters, internal projections from five major trading houses now put India’s 2025/26 sugar production at 28.5–29.0 million metric tons, below the Indian Sugar Mills Association’s (ISMA) earlier estimate of 30.95 million tons released this month.

At the same time, the US Supreme Court’s recent decision to overturn Trump-era tariffs could pave the way for increased Brazilian sugar exports to the United States, with knock-on effects for global supply dynamics. While some brokers view these developments as a sign that the prolonged price downturn may have run its course, they still expect plentiful global supplies to cap the potential for a sharp near-term rebound.