Covrig Analytics flips to global sugar deficit forecast for 2026/27

Barchart··EUGB·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

Covrig Analytics now expects a global sugar deficit in 2026/27 of -300,000 metric tons, reversing a June forecast for a +100,000 metric ton surplus. The revision is one of several recent deficit calls, with Green Pool Commodity Specialists raising its 2026/27 deficit estimate to -3.3 million metric tons and StoneX lifting its forecast to -1.7 million metric tons. Sugar prices have surged to multi-month highs, driven by drought-reduced output in the European Union and UK to an 11-year low of 14.98 million metric tons, a 26.3% year-on-year drop in Brazil's Center-South June production, and El Niño-related weather risks threatening crops in India and Thailand.

Impact on assets 2

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

StoneX raised its 2026/27 sugar deficit forecast, indicating tighter supply and higher prices, which benefits its trading operations.

Others▲ · 1 stocks
⛏Sugar No.11 Futures
SUGAR
▲ PositiveSupplyrelevance

Sugar prices surged to multi-month highs due to drought-reduced EU/UK output, Brazil production drop, and El Niño risks, indicating a supply deficit.

Off-coverage companies 2

Covrig AnalyticsPrivate▲ Positive
Demandrelevance

Covrig Analytics flipped to a deficit forecast, aligning with market trends and enhancing its credibility.

Green Pool Commodity SpecialistsPrivate▲ Positive
Demandrelevance

Green Pool raised its 2026/27 deficit estimate, reflecting tighter market conditions that benefit its analysis and trading.

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