Sugar Prices

Sugar prices averaged USD 16.71 cents per pound in July, down 0.2% from June. On 31 July, the commodity traded at USD 16.75 cents per pound, up 3.3% from 30 June.

Sugar prices largely held near June’s over four-year low in July as sugar production in Brazil continued to accelerate. Moreover, India recently signaled that it may allow local mills to export sugar from October, as an unusually strong monsoon season is set to yield a bumper harvest and boost global supply in turn. Meanwhile, the U.S.—a key sugar importer—recently threatened a 50% tariff on Brazilian goods, likely tempering market sentiment and prices.