Sugar Prices

Sugar prices averaged USD 16.07 cents per pound in September, down 4.0% from August. On 30 September, the commodity traded at USD 16.15 cents per pound, down 3.3% from 29 August.

After stabilizing for three consecutive months, sugar prices eased in September to an over four-year low. Sugar production in Brazil continued to accelerate in the second half of August, and India could export more sugar than previously expected due to its large supply surplus. Still, signs of resilient demand prevented a larger price drop, cushioning downside pressures from a 50% U.S. tariff on Brazilian goods from 6 August.