ARTICLE 4 #SugarPrices

“US Sugar Prices Hold Firm Amid Demand Uncertainty” — an insight from Sosland Publishing via the ‎CZ App. It reports that cash sugar sales in the U.S. are relatively steady, even though demand remains soft and global raw sugar futures are slipping.

Sugar futures extended their rally on Tuesday as traders continued to cover short positions amid tightening global supply concerns. Prices rose for a third consecutive session, supported by lower production forecasts from major exporters such as Brazil and India.

India’s sugar market is witnessing a slump as stronger-than-expected sugar production pushes prices downward. According to industry reports, the country’s mills have ramped up production this season, resulting in a surplus supply in domestic markets.

Global sugar markets are experiencing a sharp downturn as an unexpected surge in supply pushes prices down by nearly 30% from their annual peak. Analysts say the sudden drop has caught traders and producers off guard, raising concerns about long-term market stability.

The Food Ministry is evaluating a proposal to raise the Minimum Selling Price (MSP) of sugar, according to Food Minister Pralhad Joshi.

Sugar prices saw a slight uptick on Monday as market sentiment strengthened amid reports that the Indian government may soon raise ethanol procurement prices. Traders noted that even a modest increase in ethanol prices could encourage sugar mills to divert more cane juice and molasses toward ethanol production, potentially tightening sugar supply in the market.