Sugar Prices

Sugar prices averaged USD 16.74 cents per pound in August, up 0.2% from July. On 29 August, the commodity traded at USD 16.70 cents per pound, up 0.2% from 31 July.

Sugar prices broadly stabilized for the third month running in August, remaining near June’s over four-year low. Sugar production in Brazil continued to accelerate in the first half of August, and the outlook for supply from India and Thailand also remained strong, keeping a lid on sugar prices. Demand-wise, surging imports from China supported prices somewhat, outweighing downside pressures from a 50% U.S. tariff on Brazilian goods from 6 August.