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2026.03.1116:23:15UTC+00Sugar Futures Continue to Ease

US sugar futures extended their pullback, slipping to just under 14.3 cents per pound from recent one-month highs around 14.6 cents, as abundant global supply continued to offset volatility tied to oil price swings and geopolitical tensions. Consultancy Hedgepoint indicated that the 2025/26 season still points to an oversupplied market, underpinned by robust Brazilian output and expectations of a production rebound in the Northern Hemisphere. At the same time, market fundamentals suggest that although global sugar supply continues to outstrip demand, the surplus is shrinking. Reflecting this shift, broker StoneX lowered its estimate for the global sugar surplus in the current 2025/26 season to 870,000 tons from 2.9 million tons, citing a smaller Indian crop and changes in Brazil’s production mix.

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