Mumbai, June 19 -- Global Sugar futures extended their downside on expectations of a global sugar surplus. The benchmark Raw Sugar futures fell around 1% yesterday to approach 16.35 cents per pound. This is the lowest level in four-years for the counter and the futures are down 15% in 2025. The United States Department of Agriculture or USDA, has stated in its biannual report in last month that it projected that global 2025/26 sugar production would increase by 4.7% year-over-year to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year.
The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation ...