COMMODITY MARKET: Sugar prices continue to slide amid supply pressures

At the end of yesterday's trading session, according to the Vietnam Commodity Exchange (MXV), the industrial raw materials group caught the attention of domestic and international investors as it led the decline. Specifically, the prices of two sugar items continued to extend their decline to the lowest level in over 4 years. Specifically, the price of raw sugar 11 fell by more than 3.4%, to 318.7 USD per ton; while white sugar also lost more than 2.1%, down to 422 USD/ton. MXV said that the surplus pressure remains the main reason for the weakening of the global sugar market. Although the global sugar cycle 2025-2026 has just started less than a month ago, the signal of surplus supply has already become apparent. According to the average data compiled from 19 organizations released by NovaCana, the global sugar surplus for the 2025-2026 crop year is expected to reach 3.73 million tons, an increase of 40.2% from the previous survey of 2.66 million tons in May. Some major companies ...