Sugar Prices Rise on Global Supply Deficit Forecasts

Commodity
โดย Barchart·GLOBAL·Read original
Summary · why it matters

Sugar prices climbed today, with London sugar reaching a four-week high, as analysts raised their global deficit forecasts for the 2026/27 season. Covrig Analytics now expects a deficit of 300,000 metric tons, reversing its June forecast of a 100,000 metric ton surplus, while Green Pool Commodity Specialists increased its deficit estimate to 3.3 million metric tons from 1.76 million metric tons and StoneX raised its deficit forecast to 1.7 million metric tons from 550,000 metric tons. Concerns over India’s monsoon rainfall, which the Meteorological Department said will likely be below normal in August and September, and the potential impact of a strong El Niño on production in Brazil, India, and Thailand are also supporting prices. Earlier this year, Unica reported that Brazil’s Center-South sugar output through May fell 2% year-on-year as mills shifted more cane to ethanol, and Czarnikow cut its 2026/27 balance to a deficit of 100,000 metric tons from a surplus of 1.4 million metric tons.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks
Stonex Group Inc
SNEX
▲ PositiveDemandrelevance

StoneX raised its global sugar deficit forecast, indicating higher expected demand relative to supply, which supports sugar prices and benefits StoneX's trading activities.

Off-coverage companies 3

Covrig AnalyticsPrivate▲ Positive
Demandrelevance

Covrig Analytics reversed its forecast to a deficit, indicating stronger demand relative to supply, supporting sugar prices.

Green Pool Commodity SpecialistsPrivate▲ Positive
Demandrelevance

Green Pool increased its deficit estimate, reflecting tighter supply-demand balance, which is positive for sugar prices.

Czarnikow Group LimitedPrivate± Mixed
relevance

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