Global sugar prices have fallen by 8-15% since the beginning of September and will remain under pressure from rising supply in 2026.

The International Sugar Organization (ISO) forecasts that in 2025/26 the surplus of the global sugar balance will be 1.625 million tons. The main factor for revising the balance was the forecast of an increase in global sugar production to 181.767 million tons, which will exceed last season's figure by 5.552 million tons. An increase in sugar production is expected in India, Thailand, and Pakistan. Global sugar consumption in 2025/26 is expected to grow by 1.011 million tons compared to the previous season to 180.142 million tons, and the ratio of final sugar stocks to consumption is estimated by the ISO to decrease from 53.12% to 52.74%. According to the ISO, in 2024/25 the global sugar balance deficit was reduced to 2.916 million tons due to a good harvest in the main producing countries of the Southern Hemisphere. In October 2025, China increased its sugar imports by 39% to 750 thousand tons, and overall for the 10 months of 2025, it purchased 3.9 million tons of sugar, which ...