Sugar Prices Undercut as Indian Monsoon Rains Improve

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Summary · why it matters

Sugar prices are under pressure as improving Indian monsoon rains raise prospects of higher sugar output. India’s Meteorological Department reported cumulative monsoon rainfall was 15% below normal as of July 29, a substantial improvement from 42% below normal on June 30. Prices recovered from their worst levels after Green Pool Commodity Specialists raised its global 2026/27 sugar deficit forecast to 3.3 million metric tons from a June estimate of 1.76 million metric tons. StoneX also raised its 2026/27 global sugar deficit forecast to 1.7 million metric tons from a May estimate of 550,000 metric tons. Strength in crude oil prices, with WTI crude up more than 7%, is also supportive of sugar by boosting ethanol prices and potentially reducing sugar supplies.

Impact on assets 2

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

StoneX raised its global sugar deficit forecast, which is supportive for sugar prices, but the article focuses on improving Indian monsoon rains that pressure prices.

Others▼ · 1 stocks
⛏Sugar No.11 Futures
SUGAR
▼ NegativeSupplyrelevance

Improving Indian monsoon rains raise prospects of higher sugar output, pressuring sugar prices.

Off-coverage companies 1

Green Pool Commodity SpecialistsPrivate± Mixed
Supplyrelevance

Green Pool raised its global sugar deficit forecast, which is supportive for sugar prices, but the article focuses on improving Indian monsoon rains that pressure prices.

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