Sugar Prices

Sugar prices averaged USD 18.38 cents per pound in September, up 5.9% from August. On 30 September, the commodity traded at USD 18.09 cents per pound, down 1.3% from 31 August.

In September, sugar prices hit their highest average in a year and a half. Markets are expecting global supply to narrow in 2026/27 due to lower projected output in Thailand, heavy rains in Brazil’s key growing region, declining beet planting in the EU, and unusually low rain and strengthening El Niño conditions in key exporter India. Stronger-than-expected demand for the commodity, partly due to higher energy prices supporting sugarcane-derived biofuel consumption, also supported prices.