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Sugar Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

sugar Price Trends by Country

inIndia
cnChina
brBrazil

Global sugar Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Sugar price assessment:

  • Refined Sugar FOB Santos, Brazil
  • White Granulated Sugar Ex-Guangxi, China
  • White Granulated Sugar Ex-Yunnan, China
  • Refined Sugar Ex-Sangli (Maharashtra), India
  • Refined Sugar Ex-Hirekoppa (Karnataka), India
  • Refined Sugar Ex-Hapur (Uttar Pradesh), India
  • Sugar No. 11 (NY 11)_Raw Centrifugal Cane Sugar, Global

Sugar Price Trend Q3 2025

During Q3 2025, the global Sugar market experienced moderate price declines ranging between 2-7% across major producing countries, reflecting ongoing supply challenges and cautious demand. In Brazil, oversupply concerns and subdued global consumption pressured Refined Sugar prices, while export competition intensified amid shrinking margins. China’s market saw a slight softening in White Granulated Sugar prices Ex-Guangxi, supported by steady domestic production and balanced supply-demand fundamentals.

India’s Refined Sugar prices Ex-Sangli also declined as stable monsoon conditions ensured steady supply amid consistent demand from beverage and confectionery sectors. Despite these downward movements, logistical efficiency and quality maintenance in key regions helped sustain export flows. The final month of the quarter saw further mild price softness, signaling cautious buyer sentiment and elevated inventory levels in a broadly bearish but stable global market environment. This global sugar price trend confirmed the cautious stance across regions, highlighting ongoing market balancing acts.

Brazil

Sugar (Refined) Export prices from Brazil.

In Q3 2025, Refined Sugar prices in Brazil FOB Santos decreased by 3.39%, with prices in the range of 450 to 550 USD per metric ton. Furthermore, Refined Sugar price trend in Brazil remained weak due to continuing concerns of excess supply and sluggish global demand. Moreover, exporters began competing heavily, as other producing regions introduced competitive pricing, creating upward pressure on margins.

The country’s continued focus on quality production, logistical flexibility, and sustainable practices kept it as the leading refined sugar exporting country despite the pressures. In September 2025, the last month in the quarter, Refined Sugar prices in Brazil declined slightly by 0.82%, as buyers maintained hesitation while inventories remained high. Brazil’s consistent supply reliability and quality of refined sugar supported stable shipments amidst difficult and volatile market conditions.

China

Sugar (White Granulated) Domestically Traded prices Ex-Guangxi.

In Q3 2025, Sugar prices in China exhibited marginal softening amid well-balanced supply-demand dynamics and adequate production. White Granulated Sugar prices Ex-Guangxi ranged between USD 760-870 per metric ton, declining approximately 1.72% compared to the previous quarter. Steady refinery throughput, consistent crushing, and moderate consumption across food processing, beverage, and pharmaceutical sectors supported the price trend in China. Efficient inventory management and regular procurement activities helped sustain supply chain efficiency.

Regional distribution and logistics infrastructure operated smoothly. Producers maintained quality standards while applying competitive pricing to secure market share across industrial applications. In September 2025, Sugar prices in China declined further by 0.75%, blending subtly with the quarter’s mild softening trend and reflecting cautious demand conditions.

India

Sugar (Refined) Domestically Traded prices Ex-Sangli.

In Q3 2025, Sugar prices in India ranged between USD 395-490 per metric ton, declining by approximately 2.05% compared to the previous quarter. The price trend in China experienced moderate downward pressure amid adequate domestic production and stable monsoon conditions across major Sugarcane-growing regions. Sugar price trend in India during the quarter reflected steady supply from Maharashtra and Uttar Pradesh, while demand from beverage and confectionery sectors remained consistent.

The Refined Sugar market witnessed balanced trading activity, with manufacturers maintaining steady output despite marginal price corrections. Domestic consumption from food processing industries and festive demand provided support to market fundamentals, ensuring stable market conditions throughout the quarter. In September 2025, the last month of the quarter, Sugar prices in India declined by 0.27%, harmonizing with the quarter’s overall moderate downward trend.

Global (NY 11)

Sugar No. 11 (Raw Centrifugal Cane Sugar) Traded prices Globally.

In Q3 2025, the Sugar price trend globally showed a more hefty decline of 6.58%, with prices between USD 320-413 per metric ton as supply-demand balance improved slightly. Global Sugar price trend displayed resilience supported by efficient logistics and steady export volumes. The cautious market environment tempered price movements, with buyers reacting slowly amid lingering uncertainties. September 2025 recorded a minor price decline of 0.84%, aligning with the quarter’s overall moderate downward trend.

Demand stabilization in key consuming markets and controlled inventory levels contributed to limited price volatility. Production discipline and downstream consumption, especially in food and beverage sectors, helped sustain the market despite softness. This quarter reflected tentative stabilization, with prospects for gradual recovery depending on global economic conditions going forward.

Sugar Price Trend Analysis: Q2 2025

During Q2 2025, the global Sugar market saw mild price fluctuations within a narrow range, reflecting a cautiously stable environment amid balanced supply and demand. In Brazil, Refined Sugar prices FOB Santos experienced a slight decline due to subdued international demand and competitive supply conditions, although production discipline and efficient logistics helped sustain export volumes. China’s White Granulated Sugar prices Ex-Guangxi showed modest gains, supported by steady refinery operations and improving consumption across beverage and confectionery sectors.

India’s Refined Sugar prices Ex-Sangli also rose modestly amid balanced supply-demand dynamics and consistent downstream demand. Despite this gentle recovery, prices softened slightly in the last month of the quarter, indicating cautious trading sentiment and inventory management in a market gradually stabilizing amid ongoing global uncertainties. The overall global sugar price trend aligned with these regional developments, highlighting cautious optimism tempered by persistent challenges.

Brazil

Sugar (Refined) Export prices from Brazil.

In Q2 2025, Sugar Prices in Brazil saw a smaller decline of 2.72%, falling within 450-580 USD per metric ton FOB Santos. The price trend in Brazil reflected continued subdued international demand combined with stable but competitive supply. Global macroeconomic risks and alternative sweetener availability kept buyers reserved. Brazil’s strong production discipline and efficient port operations helped maintain steady export volumes despite softness in prices. Export logistics and supply chain coordination further supported the market. In June 2025, prices eased further by 2.61%, reflecting ongoing buyer caution and weak consumption momentum, suggesting little immediate recovery in global demand, with Brazil maintaining its position amid difficult market conditions.

China

Sugar (White Granulated) Domestically Traded prices Ex-Guangxi.

In Q2 2025, Sugar prices in China demonstrated modest recovery with upward corrections amid improving demand fundamentals and balanced supply conditions. White Granulated Sugar prices Ex-Guangxi ranged between USD 770-875 per metric ton, increasing approximately 2.27% from the previous quarter. Steady refinery operations and consistent production from major regions supported strengthening consumption across beverages, confectionery, and food industries. Improved procurement following seasonal adjustments helped firm price trend in China.

Regional logistics efficiency and stable raw material costs contributed to competitive pricing. Manufacturing ran at optimal capacity, meeting enhanced market requirements with consistent quality. Inventory management and quality maintenance by key producers contributed to overall market stability. In June 2025, prices softened by 0.74%, tactfully blending with the quarter’s modest upward momentum and reflecting minor profit-taking or cautious adjustments.

Global (NY 11)

Sugar No. 11 (Raw Centrifugal Cane Sugar) Traded prices Globally.

During Q2 2025, the Sugar price trend globally remained weak, with prices declining by 10.59% to between USD 323-456 per metric ton amid oversupply and sluggish global demand. Global Sugar price trend echoed these movements, with margins squeezed amid intense competition. In June 2025, saw prices fall further by 6.77%, indicating limited demand recovery and ample stock availability. Despite steady production and efficient logistics, consumption growth lagged, particularly in industrial sectors.

Buyer caution prevailed amid economic uncertainties and alternative sweetener availability. Export volumes held steady due to disciplined production and supply chain coordination, but price softness continued. The quarter underscored challenges for the market, highlighting subdued global demand and competitive pressure impacting price trends worldwide.

India

Sugar (Refined) Domestically Traded prices Ex-Sangli.

In Q2 2025, Sugar prices in India ranged between USD 405-495 per metric ton, increasing by approximately 1.39% compared to the previous quarter. The prices demonstrated modest recovery amid improved market sentiment and steady offtake from downstream industries. Sugar price trend in India during the quarter was supported by balanced supply-demand dynamics and consistent consumption from the beverage and confectionery sectors.

The Refined Sugar market maintained stable trading patterns, with production facilities operating at optimal capacity levels. Demand from food processing units and retail sectors remained firm, while adequate inventory levels ensured smooth market operations. Regional production from Maharashtra and Uttar Pradesh continued to support domestic availability throughout the quarter. In June 2025, prices softened slightly by 0.27%, blending gently with the steady recovery observed during the quarter.

During Q1 2025, the global Sugar market experienced notable price declines ranging between 1-10%, reflecting subdued demand and high inventory levels amid cautious trading sentiment. Prices were pressured by slower global demand recovery and persistent stock build-ups, although favorable weather conditions supported steady production and export operations in major producing regions.

Seasonal demand and pre-crop cycle buying in March provided a slight price rebound, adding temporary support amid ongoing market caution. Ample domestic supply and increased inventories following crushing seasons intensified competitive pricing domestically, while steady production and subdued consumption patterns contributed to modest corrections.

Despite these challenges, logistical efficiency and supply chain management helped maintain market stability. Prices stabilized in the final month, reflecting cautious buyer sentiment and a pause in the downward trend within a broadly bearish market environment. Globally, Sugar price trends mirrored this cautious sentiment with gradual adjustments.

Brazil

Sugar (Refined) Export prices from Brazil.

In Q1 2025, Refined Sugar prices in Brazil declined again by 5.16%, trading between 460 and 600 USD per metric ton FOB Santos. The price trend in Brazil was influenced by slower demand recovery globally and persistent high stock levels in consuming markets. Weather conditions remained favorable in Brazil, but global economic uncertainties restrained buying activity.

The country relied on its efficient production and export infrastructure to sustain competitiveness and market reach. In March 2025, prices increased by 2.30%, as seasonal demand slightly improved and buyers positioned for the upcoming crop cycle, providing temporary price support amid continued market caution and competitive pressures in international Sugar markets.

China

Sugar (White Granulated) Domestically Traded prices Ex-Guangxi.

In Q1 2025, Sugar prices in China experienced notable downward adjustments amid ample domestic supply and moderate consumption. White Granulated Sugar prices Ex-Guangxi ranged between USD 750-860 per metric ton, declining approximately 5.14% compared to the previous quarter. Robust production output from key Sugarcane processing regions and elevated refinery throughput resulted in increased inventory levels following successful crushing seasons, intensifying competitive pricing across domestic markets. Efficient regional distribution and supply chain management supported market stability.

Manufacturers adjusted pricing strategies to maintain market share while stable feedstock availability and logistics infrastructure enhanced supply chain efficiency. Quality standards remained consistent to cater to confectionery, pharmaceuticals, and processed foods. In March 2025, prices rebounded slightly by 1.13%, smoothly balancing prior declines and adding a touch of optimism amid ongoing market pressures.

Global (NY 11)

Sugar No. 11 (Raw Centrifugal Cane Sugar) Traded prices Globally.

in Q1 2025, the Sugar price trend globally in reflected a downturn of 10.53%, with prices ranging from USD 382 to 500 per metric ton amid persistent demand softness and elevated global inventories. Global price trend reflected similar challenges as cautious buying and competing supplier offers pressured prices. In March 2025, saw a further 5.62% decline, exacerbating bearish momentum. Economic uncertainties, coupled with slower consumption growth in key import regions, held back price recovery.

Production remained robust, maintaining supply levels. Export logistics ensured consistent shipment volumes but could not overcome weak buying interest. Inventory levels remained high globally, contributing to continued price pressure. Overall, the market faced mounting challenges, reflecting a cautious environment and subdued consumption patterns worldwide.

India

Sugar (Refined) Domestically Traded prices Ex-Sangli.

In Q1 2025, Sugar prices in India ranged between USD 400-490 per metric ton, declining by approximately 3.14% compared to the previous quarter. The prices faced downward pressure amid ample domestic supply and subdued demand patterns following the festive season. Sugar price trend in India during the quarter reflected bearish market sentiment, with manufacturers adjusting production schedules according to consumption requirements. The Refined Sugar market experienced modest corrections as inventory levels remained comfortable across major trading centers.

Consumption from beverage and confectionery industries remained moderate, while production from key Sugarcane regions maintained steady output. Market fundamentals were influenced by adequate stock positions and cautious trading activity throughout the quarter. In March 2025, prices were stable with no significant change, reflecting a pause amid downward pressures.

Sugar Price Trend Analysis: Q4 2024

During Q4 2024, Sugar prices across key markets experienced modest fluctuations within a 4-10% range, reflecting balanced supply-demand dynamics and steady consumption. Prices rose moderately, supported by seasonal restocking and stronger industrial demand, while supply constraints from weather and harvesting helped tighten balances. However, the last month of the quarter saw some price softening due to profit-taking and cautious buyer behavior, tempering earlier gains.

Stable production and controlled inventories contributed to overall market stability, though sharper price drops in the final month created contrasts within the quarter. Marginal weakness in prices was observed amid sufficient domestic availability and consistent demand from food processing and retail sectors. Festive season demand provided temporary support, while steady offtake ensured balanced market conditions throughout the period. The global Sugar price trend reflected these dynamics, showing a cautious but generally stable market environment.

Brazil

Sugar (Refined) Export prices from Brazil.

In Q4 2024, Sugar prices in Brazil reversed modestly, rising 2.65%, ranging from 490-620 USD per metric ton FOB Santos. The price trend in Brazil signaled stabilization as demand improved slightly, driven by seasonal restocking and stronger industrial Sugar use. Supply constraints caused by weather and harvesting schedules tightened balances, supporting prices.

Brazilian producers used this opportunity to reinforce their export market presence with quality and timely shipments. Strong logistics and supply chain management supported this effort. In December 2024, prices dropped by 4.39% due to profit-taking and cautious buyer behavior, tempering earlier gains and reflecting ongoing uncertainties in demand amid evolving global market conditions for sugar.

China

Sugar (White Granulated) Domestically Traded prices Ex-Guangxi.

In Q4 2024, Sugar prices in China demonstrated notable stability with minimal fluctuations amid balanced market fundamentals and steady supply. White Granulated Sugar prices Ex-Guangxi ranged between USD 760-935 per metric ton, showing a marginal decline of approximately 0.83% from the previous quarter. Consistent production from primary Sugarcane regions and regular refinery operations supported sustained demand from food processing, beverage, and pharmaceutical sectors.

Inventory levels and procurement activities remained controlled. Efficient regional logistics and stable raw material costs contributed to competitive price trend in China. Major manufacturing facilities operated steadily, addressing consistent market needs. Seasonal production cycles and effective supply chain management ensured regular availability domestically. However, in December 2024, prices declined sharply by 5.71%, creating a notable contrast yet blending into the overall stable market scenario.

Global (NY 11)

Sugar No. 11 (Raw Centrifugal Cane Sugar) Traded prices Globally.

In Q4 2024, the Sugar price trend globally advanced by 10.47%, with prices moving between USD 413-548 per metric ton, supported by seasonal demand and improved industrial consumption. Global price trends aligned with global gains, as restocking increased and tighter balances emerged. However, in December 2024, prices softened by 6.08%, reflecting profit-taking and cautious buyer sentiment amid evolving market risks. Despite this, supply constraints from weather and harvesting schedules helped maintain support. Logistics efficiencies and strong downstream demand underpinned steady trade volumes. The quarter ended with mixed signals of optimism tempered by uncertainty, a reflection of ongoing balancing in global supply and demand. Market participants remained cautious but hopeful for a continuing recovery in subsequent periods.

India

Sugar (Refined) Domestically Traded prices Ex-Sangli.

In Q4 2024, Sugar prices in India ranged between USD 410-510 per metric ton, declining by approximately 0.45% compared to the previous quarter. Prices exhibited marginal weakness amid sufficient domestic availability and stable consumption patterns. Sugar price trend in India during the quarter was characterized by balanced market conditions, with steady demand from food processing and retail sectors. The Refined Sugar market maintained consistent trading volumes, supported by regular production from Maharashtra and Uttar Pradesh mills.

Festive season demand provided temporary support to market sentiment, while overall supply remained adequate. Domestic consumption from beverage manufacturers and confectionery units sustained steady offtake levels, ensuring stable market dynamics throughout the period. In December 2024, prices softened by -0.27%, blending subtly into the modest downward movement for the quarter.

In Q3 2024, Sugar prices experienced a decline within a range of 1-6%, reflecting persistent supply pressures and cautious demand across major markets. Prices continued downward amid excess supply and slow recovery from key importers, with rising inventories in consuming regions adding pressure. Despite these challenges, production efficiency and logistics helped maintain steady export flows and market share. The quarter ended with some recovery as tightening supply signals and restocking ahead of crop year changes supported a moderate price rebound.

Domestic markets showed relative stability with gradual softening influenced by steady production, balanced consumption, and effective inventory management. Improved logistics and feedstock availability contributed to maintaining market equilibrium. In the last month of the quarter, prices saw slight declines or moderate gains, blending smoothly with the overall soft but balanced market conditions observed during the period. Globally, the Sugar price trend in this quarter echoed this pattern of careful stabilization and gradual recovery.

Brazil

Sugar (Refined) Export prices from Brazil.

In Q3 2024, Refined Sugar prices in Brazil fell by 8.48%, trading between 540-610 USD per metric ton FOB Santos. The price trend continued downward amid persistent excess supply and slow recovery demand from major importers. Stock inventories in key consumer regions increased, putting downward pressure on prices. Despite the decline, Brazil’s robust production systems and Santos port logistics ensured steady export flows, helping to maintain market share. Port efficiency and cost management supported competitiveness. In September 2024, prices rebounded by 5.31%, as buyers responded to tightening supply signals and restocking efforts ahead of crop year changes, providing some relief after months of weakness and soft prices in the global Sugar sector.

China

Sugar (White Granulated) Domestically Traded prices Ex-Guangxi.

In Q3 2024, Sugar prices in China exhibited continued stability with gradual softening amid adequate domestic production and balanced consumption patterns. White Granulated Sugar prices Ex-Guangxi ranged between USD 810-900 per metric ton, declining approximately 2.31% compared to the previous quarter. Consistent refinery throughput from major regions, steady crushing operations, and moderate demand from beverage, confectionery, and food processing industries shaped the price trend in China. Well-managed inventories and smooth distribution networks ensure regular supply flows meeting downstream requirements efficiently. Manufacturers maintained competitive pricing strategies and consistent quality standards. Improved logistics infrastructure and stable feedstock availability supported overall market equilibrium. In September 2024, prices declined slightly by 0.12%, merging gently with the quarter’s gradual softness.

Global (NY 11)

Sugar No. 11 (Raw Centrifugal Cane Sugar) Traded prices Globally.

In Q3 2024, Sugar price trend globally stabilized with no significant change from the previous quarter, trading between USD 371-510 per metric ton. The market showed resilience amid balanced supply-demand dynamics following prior steep declines. Global Sugar price trend exhibited steady patterns as the market absorbed excess stock and buyers engaged in cautious restocking. In September 2024, it recorded a strong 12.07% price increase, driven by tightening supply and improved demand signals ahead of the new crop season. This positive momentum reflected improved buyer confidence. Industrial and consumer demand gained traction, contributing to the pull-up. Supply chain management strategies and production discipline further supported this uplift. Overall, the quarter marked a turning point with prospects for gradual recovery despite lingering uncertainties.

India

Sugar (Refined) Domestically Traded prices Ex-Sangli

In Q3 2024, Sugar prices in India ranged between USD 415-505 per metric ton, declining marginally by approximately 0.22% compared to the previous quarter. The prices remained relatively stable amid balanced supply-demand fundamentals and consistent production from major Sugarcane-growing states. Sugar price trend in India during the quarter reflected steady market conditions, with manufacturers maintaining regular output levels.

The Refined Sugar market demonstrated resilience, supported by sustained demand from beverage and confectionery industries. Monsoon progress and sugarcane crop conditions influenced market sentiment, while domestic consumption remained firm. Trading activity across major hubs maintained consistent patterns, with adequate inventory positions supporting stable pricing dynamics throughout the quarter. In September 2024, prices rose moderately by 0.80%, gently bolstering market stability.

During Q2 2024, Sugar prices declined broadly within a 1-13% range, reflecting significant oversupply concerns and cautious demand amid global market pressures. Prices dropped sharply due to excess global Sugar inventories and weaker consumption, particularly from industrial users and key Asian markets. Currency fluctuations and competitive offers from alternative suppliers intensified challenges, though exporters-maintained shipment volumes supported by strong infrastructure and logistics.

Steady domestic production and balanced refinery operations underpinned relative price stability in some regions, while effective inventory management and consistent procurement from downstream sectors helped maintain price equilibrium. Seasonal consumption patterns and steady supply contributed to market balance despite modest declines. In the final month of the quarter, prices showed minor rebounds or further slight dips, blending quietly into the quarter’s overall steady but subdued market sentiment. This global price trend reinforced regional market behaviors, indicating broad cautiousness.

Brazil

Sugar (Refined) Export prices from Brazil.

In Q2 2024, Refined Sugar prices in Brazil dropped sharply by 8.40%, with prices ranging from 530-670 USD per metric ton. The price trend in Brazil reflected notable oversupply concerns combined with weaker global demand, particularly from industrial users and key Asian markets. Currency fluctuations and competitive offers from alternative suppliers intensified market challenges.

Brazil’s exporters-maintained export volumes but faced margin pressures due to falling price levels. Despite these difficulties, infrastructure and logistics ensured consistent shipment volumes. In June 2024, prices rose modestly by 0.71%, supported by temporary demand upticks and supply adjustments, although the overall quarter remained weak. This period marked one of the steepest quarterly declines due to global Sugar surpluses and subdued consumption patterns worldwide.

China

Sugar (White Granulated) Domestically Traded prices Ex-Guangxi.

In Q2 2024, Sugar prices in China maintained relative stability with minor adjustments amid consistent supply-demand fundamentals. White Granulated Sugar prices Ex-Guangxi ranged between USD 820-925 per metric ton, declining marginally by 1.14% from the previous quarter. Steady production from key sugarcane processing regions and balanced refinery output supported moderate consumption in the food and beverage sectors.

Effective inventory management and regular procurement from confectionery, pharmaceuticals, and processed foods helped maintain price equilibrium. Regional logistics efficiency and stable raw material availability contributed positively. Manufacturing facilities operated near optimal capacity, meeting market demand steadily. In June 2024, prices fell further by 0.92%, blending quietly with the overall steady market sentiment and reflecting a mild downside pressure amid stable but cautious market conditions.

Global (NY 11)

Sugar No. 11 (Raw Centrifugal Cane Sugar) Traded prices Globally.

During Q2 2024, the Sugar price trend globally continued downward, falling by 13.13%, with prices ranging from USD 379 to 510 per metric ton. Oversupply combined with weak buying interest pressured the market further. However, in June 2024, prices rebounded by 2.17%, indicating tentative recovery signs. This was supported by seasonal restocking and supply adjustments in key consuming regions. The Sugar price trend globally remained cautious but showed potential stabilization.

Global price trend mirrored this, with export volumes steady despite oversupply risks. Regional demand fluctuations and currency shifts impacted buying patterns. Despite the persistent challenges, tighter supplies and some demand pick-up provided short-term relief. Market participants remained watchful amid mixed signals heading into the next quarter.

India

Sugar (Refined) Domestically Traded prices Ex-Sangli.

In Q2 2024, Sugar prices in India ranged between USD 415-510 per metric ton, declining by approximately 0.44% compared to the previous quarter. experienced slight downward adjustments amid comfortable inventory levels and moderate demand from downstream sectors. Sugar price trend in India during the quarter was influenced by adequate domestic production and steady consumption patterns. The Refined Sugar market witnessed balanced trading activity, with manufacturers operating at regular capacity utilization rates.

Demand from food processing industries and retail channels remained consistent, while supply from Maharashtra and Uttar Pradesh ensured market stability. Seasonal consumption patterns and production schedules contributed to the overall market equilibrium observed throughout the period. In June 2024, prices stabilized with an increase of 0.27%, harmonizing subtly with the quarter’s steady market conditions.

During Q1 2024, the global Sugar market experienced price movements within a 1-12% range, reflecting a mix of cautious demand and balanced supply conditions. Prices showed early signs of weakening amid economic uncertainties in key import regions, while production remained strong in major producing areas. Efficient logistics and established export infrastructure helped maintain steady shipments despite mild price softness. Inventory levels following crushing seasons supported competitive pricing across domestic markets, with manufacturers managing production costs effectively.

Demand from beverage, confectionery, and pharmaceutical sectors contributed to overall market stability. Post-festive season adjustments influenced trading dynamics, while steady downstream consumption ensured balanced market conditions. The quarter ended with modest upward movements in some markets, blending seamlessly with the broader trend of cautious optimism amid ongoing global demand and supply uncertainties. The global Sugar price trend mirrored these dynamics, reflecting widespread balancing acts between supply and demand.

Brazil

Sugar (Refined) Export prices from Brazil.

In Q1 2024, Refined Sugar prices in Brazil FOB Santos declined by 2.17%, trading between 595-695 USD per metric ton. The price trend in Brazil showed early signs of weakening demand amid cautious global market sentiment. Sugar consumption was affected by economic uncertainties in key importing regions, while production remained strong, resulting in balanced but slightly bearish pricing.

Despite the mild decline, Brazil’s position as a leading Sugar exporter supported price stability through efficient logistics and established trade relationships. Export infrastructure and port operations helped maintain steady shipments. In March 2024, prices fell by an additional 1.10%, softening further due to competitive pressure from other sugar-producing countries and cautious buyer behavior. This marked the start of a downward trajectory for the Sugar market amid uncertain global demand and supply dynamics.

China

Sugar (White Granulated) Domestically Traded prices Ex-Guangxi

In Q1 2024, Sugar prices in China ranged between USD 840-930 per metric ton declining approximately 6.02% compared to the previous quarter. The prices experienced moderate downward pressure amid sufficient domestic supply and balanced market conditions. White Granulated Sugar price trend in China was influenced by adequate production levels from major Sugarcane regions, stable refinery operations, and steady consumption from food processing and beverage industries. Healthy inventory levels following the crushing season supported competitive pricing across domestic markets.

Regional distribution networks and consistent downstream demand from confectionery and pharmaceutical sectors contributed to overall market stability. Major manufacturers maintained regular supply schedules while managing production costs effectively. The quarter concluded with balanced supply-demand fundamentals supporting the established pricing structure. In March 2024, prices declined by 0.23%, with the softness smoothly absorbed by the market.

Global (NY 11)

Sugar No. 11 (Raw Centrifugal Cane Sugar) Traded prices Globally

In Q1 2024, the Sugar price trend globally showed a sharp decline of 11.61%, with prices ranging between USD 445-570 per metric ton. This drop was driven by weak demand and oversupply across key markets, especially influenced by cautious global economic outlooks and inventory surpluses. Global Sugar price trend reflected these pressures, as demand softened amid economic uncertainty in major importing regions. Despite strong production levels, prices remained bearish.

In the l March 2024, prices declined by 6.80%, amplifying the downtrend. The global market faced bearish sentiment with cautious buyers limiting purchases. Supply chain efficiencies-maintained export flows, but demand struggles resulted in excess stocks. Overall, the quarter marked one of the steepest declines, setting a challenging base for the coming periods.

India

Sugar (Refined) Domestically Traded prices Ex-Sangli.

In Q1 2024, Sugar prices in India ranged between USD 420-505 per metric ton, increasing by approximately 0.22% compared to the previous quarter, The prices showed marginal upward movement amid steady domestic demand and balanced production levels from key Sugarcane-growing regions. Sugar price trend in India during the quarter reflected stable market fundamentals, with consistent consumption from beverage and confectionery sectors.

The Refined Sugar market maintained regular trading patterns, supported by adequate supply from Maharashtra and Uttar Pradesh mills. Post-festive season market adjustments influenced trading dynamics, while overall supply remained sufficient. Domestic consumption from food processing units sustained steady offtake, ensuring balanced market conditions throughout the quarter. In March 2024, prices edged slightly higher by 0.27%, blending seamlessly with the modest upward trend observed over the period.

Technical Specifications of Sugar Price Trends

Product Description

Sugar is a refined sweetener derived from high-quality Sugarcane, known for its pure sweetness and fine crystal texture. Also commonly referred to as Refined Sugar or White Granulated Sugar, it dissolves easily in both hot and cold liquids, making it ideal for a wide range of uses including cooking, baking, and beverage preparation. Its clean taste enhances flavors without overpowering them, making it a staple ingredient in every kitchen and food production process.

Identifiers and Classification:

  • CAS No: 57-50-1
  • HS Code: 170199
  • Molecular Formula: C₁₂H₂₂O₁₁
  • Molecular Weight [g/mol]: – ~342.30 g/mol


Synonym:

  • Granulated sugar
  • Cane sugar
  • Refined sugar
  • Crystal sugar
  • Table sugar


Sugar Grades Specific Price Assessment:

  • Refined Sugar
  • White Granulated Sugar


Sugar Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 100-150 MT, 250 KT
  • Packaging Type (Product & Country Specific): Bags (50 Kg)


Incoterms Referenced in Sugar Price Reporting

Shipping Term  Location  Definition 
Refined Sugar FOB Santos  Santos, Brazil  Refined Sugar Export price from Brazil 
White Granulated Sugar Ex-Guangxi  Guangxi, China  Domestically Traded White Granulated Sugar price in Guangxi 
White Granulated Sugar Ex-Yunnan  Yunnan, China  Domestically Traded Sugar price in Yunnan 
Refined Sugar Ex-Sangli  Sangli, India  Domestically Traded Sugar price in Sangli 
Refined Sugar Ex-Hirekoppa  Hirekoppa, India  Domestically Traded Sugar price in Hirekoppa 
Refined Sugar Ex-Hapur  Hapur, India  Domestically Traded Sugar price in Hapur 
Sugar No. 11 (NY 11) _Raw Centrifugal Cane Sugar  Global  The Sugar No. 11 contract is the world benchmark contract for raw sugar trading. The contract prices the physical delivery of raw cane sugar, free-on-board the receiver’s vessel to a port within the country of origin of the sugar. 

*Quotation Terms refers to the quantity range specified for the Sugar being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Sugar packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Sugar Manufacturers and their brands

Brand Name  Manufacturer 
Südzucker  Südzucker AG (Germany) 
Béghin Say  Tereos S.A. (France) 
Mitr Phol  Mitr Phol Group (Thailand) 
União  Cosan S.A. (Brazil) 
SweetFamily  Nordzucker AG (Germany) 

Sugar Industrial Applications

sugar market share end use

Historically, several events have caused significant fluctuations in Sugar prices

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In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence sugar prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely sugar market data.

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Data Collection and Sources​

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Sugar Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for sugar. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.
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