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

Sugar production is expected to increase in India, Thailand and Pakistan. World sugar consumption in the MY 2025/26 will increase by 1.011 million tons compared to the previous season to 180.142 million tons, and the ratio of ending sugar stocks to consumption, according to ISO estimates, will decrease from 563.12% to 52.74%. According to ISO, in the MY 2024/25, the global sugar balance deficit decreased to 2.916 million tons due to a good harvest in the main producing countries of the Southern Hemisphere. China increased its sugar imports by 39% to 750,000 tons in October 2025, and in total, in the first 10 months of 2025, it purchased 3.9 million tons of sugar, which is 14% more than the same period last year. One of the main reasons for this growth was a significant decrease in world sugar prices to a 5-year low. The main supplier of sugar to China was Brazil, which shipped 359 thousand tons of sugar to China in September alone. In October, Brazil exported a record 4.2 million ...