Sugar Scouts with Vanessa Clark: India Export Bans Meet Record Crop Forecasts in Volatile Sweet Markets
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This is your Sugar podcast.
Hey friend, welcome back to Daily Sugar Price Tracker. I am Vanessa Clark, and today we are digging into the latest sugar prices and what is moving this sweet but volatile market.
Let us start with the global benchmark, New York Sugar number 11 futures. According to Barchart, the front month recently traded around the mid 15 cents per pound level, after dipping to about 14 point 7 cents. London white sugar number 5 has been hovering in the low to mid 440 dollars per ton range, as reported by ChiniMandi and Barchart.
On the domestic side in India, ChiniMandi reports that sugar prices are trading steady to firm on tight supply concerns, even with government export restrictions in place. Ex mill S grade sugar in Kolhapur is around 3,800 to 3,840 rupees per quintal, while M grade in North India, like Muzaffarnagar, is about 4,080 to 4,140 rupees per quintal. Destination spot prices for M grade are roughly 4,300 to 4,400 rupees per quintal in major cities such as Delhi, Kolkata, and Ahmedabad.
A big driver behind recent moves is policy. S and P Global notes that India has imposed a ban on most sugar exports through the end of September, which is tightening global availability at the margin and supporting prices. At the same time, the International Sugar Organization recently projected a record global sugar crop for the 2025 to 2026 season, with production around 182 million tonnes and a surplus of about 2 point 2 million tonnes. That supply outlook has kept a lid on any major price spike.
Looking ahead, firms like StoneX and CZ app are watching weather risks and El Nino, which could flip the balance from surplus toward a deficit in the 2026 to 2027 season. For traders, that means watching Brazilian weather, Indian policy, and ethanol economics is critical. For producers and buyers, now is a time to review hedging strategies while prices remain relatively low but volatile.
Thanks for listening to Daily Sugar Price Tracker with Vanessa Clark. If you found this update helpful, be sure to subscribe, share it with a friend, and tune in next time for your latest sugar market check in.
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