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October NY world sugar #11 on Wednesday closed up +0.11 (+0.73%), and October London ICE white sugar #5 closed up +4.20 (+0.89%).
Sugar prices settled higher, with London sugar posting a 4-week high. Since posting a 5-month low last Thursday, sugar prices have moved higher on the outlook for tighter future sugar supplies.
Covrig Analytics expects a global sugar deficit in 2026/27 of 300,000 tonnes, compared to a June forecast for a 100,000 tonnes surplus. Meanwhile, Green Pool Commodity raised global 2026/27 sugar deficit to 3.3 million tonnes from a June estimate of 1.76 million tonnes, and StoneX raised its 2026/27 global sugar deficit forecast to 1.7 million tonnes from a May estimate of 550,000 tonnes.
More details: https://www.barchart.com/story/news/3671252/prospects-of-tighter-future-supplies-lift-sugar-prices