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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
thThailand
vnVietnam
usUnited States

Global sugar Spot Market Prices, Trend Analysis and Forecast

Price Watch™ provides real-time price assessments and price forecasts for Sugar across top trading regions:

Sugar Regional Coverage Sugar Grade and Country Coverage Sugar Pricing Data Coverage Explanation
Global Sugar Pricing Analysis Sugar No. 11 (NY 11) Raw Centrifugal Cane Sugar Weekly Price Update on Sugar No. 11 (NY 11) Raw Centrifugal Cane Sugar Real-Time Prices in Global Market
Asia-Pacific Sugar Pricing Analysis Sugar White Granulated EX Guangxi Domestic Prices, China Weekly Price Update on Sugar White Granulated Real-Time Domestic Prices in Guangxi, China
Sugar White Granulated EX Yunnan Domestic Prices, China Weekly Price Update on Sugar White Granulated Real-Time Domestic Prices in Yunnan, China
Sugar Refined EX Sangli, Maharashtra Domestic Prices, India Weekly Price Update on Sugar White Refined Real-Time Domestic Prices in Sangli, Maharashtra, India
Sugar Refined EX Hirekoppa Domestic Prices, Karnataka, India Weekly Price Update on Sugar White Refined Real-Time Domestic Prices in Hirekoppa, Karnataka, India
Sugar Refined EX Hapur, Uttar Pradesh Domestic Prices, India Weekly Price Update on Sugar White Refined Real-Time Domestic Prices in Hapur, Uttar Pradesh, India
Sugar Refined FOB Prices at Laem Chabang Port, Thailand Weekly Price Update on Sugar Refined Real-Time Export Prices from Laem Chabang Port, Thailand to Global Markets
Sugar Refined FOB Prices at Haiphong Port, Vietnam Weekly Price Update on Sugar Refined Real-Time Export Prices from Haiphong Port, Thailand to Global Markets
South America Sugar Pricing Analysis Sugar Refined FOB Prices at Santos Port, Brazil Weekly Price Update on Sugar Refined Real-Time Export Prices from Santos Port, Brazil to Global Markets

Sugar Price Forecasts & Market Foresight Q3 2026

Outlook: Strongly Bearish

Confidence: High

Sugar prices are expected to show mixed trends globally during Q3 2026, influenced by crushing activity, inventory levels, export demand, and seasonal consumption. South America may witness early weakness before recovering on tighter stocks, while Asia is likely to remain firm on festive demand and off-season supply constraints.

Global prices are expected to strengthen toward the end of the quarter, supported by improving ethanol demand and firmer crude oil prices.

Global Sugar Market Overview by Region (July–September 2026)

Country Grade/Incoterm Outlook
Brazil Grade: Refined Sugar (ICUMSA: 150) FOB Santos Bullish to Strongly Bullish
China Grade: White Granulated Sugar (ICUMSA: 150) Ex-Guangxi Stable to Bullish
China Grade: White Granulated Sugar (ICUMSA: 150) Ex-Yunnan Mildly Bullish to Bullish
India Refined Sugar Ex-Sangli (Maharashtra) Bullish to Strongly Bullish
India Refined Sugar Ex-Hirekoppa (Karnataka) Bullish to Strongly Bullish
India Refined Sugar Ex-Hapur (Uttar Pradesh) Stable to Bullish
Global Grade: Sugar No. 11 (NY 11) Raw Centrifugal Cane Sugar (ICUMSA: 600-1200) Bearish to Strongly Bearish
Thailand Refined Sugar FOB Laem Chabang (ICUMSA: 45) Bullish to Strongly Bullish
Vietnam Refined Sugar FOB Haiphong (ICUMSA: 45) Bearish to Strongly Bearish

*Sugar Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Sugar Forecast

Access comprehensive Sugar market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Sugar Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in sugarcane production, crushing activity, ethanol demand, crude oil prices, inventory levels, export availability, trade flows, freight rates, seasonal consumption, regional demand, and geopolitical developments affecting the global sugar market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

 

Track Supply Chain Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Sugar markets.

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Sugar Price Trend Q2 2026

During Q2 2026, sugar prices showed mixed movements across major global markets as production levels, export activity, and regional demand influenced market direction. Brazil and the global market remained under pressure due to comfortable supplies and improved export availability.

Thailand and China recorded modest gains supported by balanced demand and tighter regional supplies, while India witnessed mixed price movements across key producing states due to varying procurement activity and local supply conditions. Buyers largely followed need-based purchasing as ample inventories limited aggressive stock building.

The Sugar Price Chart reflected regional price variations throughout the quarter. The Sugar Price Index remained supported by seasonal production trends, export demand, inventory levels, and changing supply conditions across key producing countries.

Brazil: Sugar Export Prices FOB Santos, Brazil, Grade – Refined Sugar (ICUMSA 150)

In Q2 2026, Sugar Price in Brazil declined by approximately 1.92% as strong sugarcane crushing activity and comfortable export availability kept global supplies well balanced. The Sugar Price Trend in Brazil remained under pressure throughout most of the quarter as higher production and steady shipments prevented any significant tightening in the export market.

International buyers continued purchasing on a need basis due to sufficient inventories and competitive export offers from Brazil. Stable milling operations further supported ample product availability.

In June 2026, Sugar Prices in Brazil declined by 4.53%, reflecting improved export supplies, slower buying interest, and comfortable global inventories, which continued to weigh on export prices toward the end of the quarter.

China: Sugar Domestically Traded Prices Ex-Guangxi, China, Grade – White Granulated Sugar (ICUMSA 150)

In Q2 2026, Sugar Price in China increased modestly across both monitored markets, with Ex-Guangxi rising by 0.89% and Ex-Yunnan by 1.00%. The Sugar Price Trend in China remained stable as balanced domestic production and steady procurement supported the market despite comfortable inventories.

Consumption from food manufacturers remained consistent, while controlled supply prevented major price fluctuations throughout the quarter. Market sentiment stayed balanced with limited volatility.

However, in June 2026, Sugar Prices in China declined marginally by 0.27% across both markets due to improved product availability and moderate buying activity, resulting in slight downward pressure toward the quarter end.

India: Sugar Domestically Traded Prices Ex-Sangli (Maharashtra), India, Grade – Refined Sugar

In Q2 2026, Sugar Price in India showed mixed regional trends. Ex-Hirekoppa increased by approximately 0.84%, while Ex-Sangli declined by 1.15% and Ex-Hapur fell by 3.85% due to differences in local supply and procurement activity.

The Sugar Price Trend in India remained balanced as adequate production and comfortable inventories limited major price volatility across key producing regions. Demand from bulk consumers and food manufacturers remained steady throughout the quarter, while localized supply conditions influenced regional pricing.

In June 2026, Sugar Prices in India moved differently across markets. Ex-Sangli increased by 2.45%, Ex-Hapur rose by 0.94%, while Ex-Hirekoppa declined by 2.50%, reflecting regional demand and inventory differences.

Global: Sugar No. 11 Traded Prices, Global, Grade – Raw Centrifugal Cane Sugar (ICUMSA 600–1200)

In Q2 2026, Sugar Price in Global markets declined by approximately 1.82%, reflecting comfortable supplies from major exporting countries and balanced global demand. The Sugar Price Trend in Global markets remained weak during most of the quarter as higher production in Brazil and steady export availability limited any significant upward movement.

Buyers maintained need-based procurement while sufficient inventories and stable trade flows kept the market well supplied. Demand from industrial users remained steady but was insufficient to offset ample availability.

In June 2026, Sugar Prices in Global markets declined by 4.11%, driven by stronger export supplies, slower international buying, and improving inventories, which continued to pressure benchmark Sugar No. 11 prices.

Thailand: Sugar Export Prices FOB Laem Chabang, Thailand, Grade – Refined Sugar (ICUMSA 45)

In Q2 2026, Sugar Price in Thailand increased by approximately 3.89%, supported by firm export demand and relatively tighter regional supply compared with other major exporters. The Sugar Price Trend in Thailand remained positive through most of the quarter as active buying from international markets and balanced production supported export values.

Limited spot availability and consistent trade activity further strengthened market sentiment despite comfortable global supplies. Exporters continued to benefit from stable overseas demand throughout the quarter.

However, in June 2026, Sugar Prices in Thailand declined by 2.59%, reflecting improved export availability, slower procurement, and easing regional demand, which moderated prices toward the end of the quarter.

Vietnam: Sugar Export Prices FOB Haiphong, Vietnam, Grade – Refined Sugar (ICUMSA 45)

In Q2 2026, Sugar Price in Vietnam increased modestly by approximately 1.05%, reflecting balanced supply conditions and steady regional demand. The Sugar Price Trend in Vietnam remained stable throughout most of the quarter as adequate production and consistent export activity supported market fundamentals.

Buyers continued purchasing based on immediate requirements while comfortable inventories limited sharp price movements. Stable refining activity and smooth trade flows further contributed to a balanced market environment. However, in June 2026, Sugar Prices in Vietnam declined by 2.92%, as improving regional supply, comfortable inventories, and softer export demand reduced upward price momentum and resulted in a mild correction toward the end of the quarter.                                              

Sugar Price Trend Analysis: Q1 2026

Sugar Price Trend  Q1 2026

In the first quarter of 2026, sugar prices in international markets are relatively stable, with a little mix sugar price trend in their movement, as the supply and demand situation for this commodity is quite well balanced. The high level of production achieved in major exporters such as Brazil, India, and Thailand ensured adequate worldwide supply, which helped prevent significant price variations in the market.

Some regions experienced small decreases in price because of adequate inventory levels and prudent buying, whereas other areas observed a little rise in price, as consumption is constant along with active trade operations.

Mostly following a requirement-based purchasing approach, buyers avoided any substantial build-up of inventories. At the close of the quarter, recovery trends emerged in many markets on account of normal stocking activities and stable demand from down the line.

Brazil: Sugar Export Prices FOB Santos, Brazil, Grade – Refined Sugar (ICUMSA 150)

The sugar price in Brazil witnessed a minor drop in Q1 2026 by about 1.86% as there are ample conditions of supply for sugar both globally and for exports. The sugar price trend in Brazil is stable throughout most of the period under consideration because there are adequate levels of production of sugar, which provided adequate levels of supply in the international market and kept the prices from rising.

In March 2026, sugar price in Brazil there is a rise by 3.59% owing to an improvement in export demand and some market dynamics. This rise is influenced by geopolitical issues pertaining to the USA and Israel vs. Iran.

China: Sugar Domestically Traded Prices Ex-Guangxi, China, Grade – White Granulated Sugar (ICUMSA 150)

Sugar prices in China witnessed a drop of around 2.91% in the first quarter of 2026 in China, following a trend that indicated weak market conditions owing to sufficient sugar production and sluggish demand dynamics. Sugar price trend in China continued to be weak for most of the quarter because of high mill operations and satisfactory inventory, which ensured downward price pressure and low growth prospects.

Buyers are conservative with their purchases, only buying to fulfil current needs instead of stock building. Weak sentiments prevailed in the market due to abundant supply in the domestic market environment. In March 2026, sugar prices in China there is a marginal rise of about 1.07%.

India: Sugar Domestically Traded Prices Ex-Sangli (Maharashtra), India, Grade – Refined Sugar

During the first quarter of 2026, there has been a small increase in the sugar prices in India by about 0.65% due to the favorable demand and supply balance in important sugar producing areas. Sugar price trend in India stayed stable throughout the first quarter owing to the high level of production that led to ample supply, thereby avoiding any sudden changes in prices.

Procurement activities have been at their normal pace due to healthy stock levels and regular consumption. There is a stable outlook for the market, with little volatility seen during the period. In March 2026, sugar prices in India there has been a fall by about 2.66% owing to reduced demand.

Global: Sugar No. 11 Traded Prices, Global, Grade – Raw Centrifugal Cane Sugar (ICUMSA 600–1200)

According to Price-Watch™ , in Q1 2026, global sugar prices (NY 11) increased slightly by approximately 1.17%, reflecting steady demand and stable trade activity across international markets. The global sugar price trend remained balanced during most of the quarter as adequate supply from major exporters such as Brazil and India ensured sufficient global availability and limited significant price increases.

Buyers maintained cautious procurement strategies and avoided aggressive stock building due to comfortable inventory levels and stable consumption patterns. However, in March 2026, global sugar prices increased by 3.88%, driven by short-term demand recovery and active restocking activity.

The rise is further supported by geopolitical tensions arising from the USA-Israel vs Iran conflict, which disrupted key shipping routes and increased freight and logistics costs, resulting in firmer export pricing toward the quarter end.

Thailand: Sugar Export Prices FOB Laem Chabang, Thailand, Grade – Refined Sugar (ICUMSA 45)

In Q1 2026, sugar prices in Thailand increased by approximately 1.01%, supported by stable export demand and consistent production levels. The sugar price trend in Thailand remained firm during most of the quarter as steady export activity and balanced supply conditions supported stable market fundamentals.

Buyers maintained routine procurement patterns, reflecting comfortable global supply availability and smooth trade activity. However, in March 2026, sugar prices in Thailand increased sharply by 7.72%, driven by stronger export demand and active international buying interest.

The sharp increase is further amplified by geopolitical tensions arising from the USA-Israel vs Iran conflict, which disrupted key shipping routes and increased freight costs. These factors resulted in short-term tightening in export availability and supported a notable price increase toward the quarter end.

Vietnam: Sugar Export Prices FOB Haiphong, Vietnam, Grade – Refined Sugar (ICUMSA 45)

In Q1 2026, sugar prices in Vietnam remained largely stable and recorded only a negligible decline, indicating a balanced supply-demand environment. The sugar price trend in Vietnam remained steady during most of the quarter as adequate domestic production and stable trade flows ensured sufficient market availability and limited major price fluctuations.

Buyers followed cautious procurement strategies focused on immediate requirements rather than large inventory accumulation. Export operations continued smoothly under comfortable regional supply conditions. However, in March 2026, sugar prices in Vietnam increased sharply by 6.15%, reflecting improved regional demand and short-term strengthening in market conditions.

The increase is also influenced by geopolitical tensions linked to the USA-Israel vs Iran conflict, which increased global freight and logistics costs and disrupted trade routes, resulting in firmer export pricing toward the end of the quarter.

Sugar Price Trend Analysis 2025

Sugar Price Trend  Q1 2025

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  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.

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.

According to Price-Watch AI, 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  Q4 2025

In Q4 2025, sugar markets exhibited mixed regional trends amid evolving supply-demand dynamics. In Brazil, refined sugar prices fell sharply due to abundant global supply, which outweighed production concerns from droughts and wildfires, keeping buyers cautious and procurement restrained.

In China, white granulated sugar prices softened as rising domestic production, an increasing number of operational mills, and sluggish demand created downward pressure on prices, with the market expected to remain weak in the short term. In contrast, India saw a modest increase in domestic sugar prices, supported by strong production across key states, which underpinned local supply despite broader challenges.

On the global stage, raw sugar prices declined, reflecting improved supply from Brazil and India after years of export restrictions, while earlier concerns over Brazil’s production risks and India’s previous export ban continue to influence market sentiment. Overall, the fourth quarter highlights a supply-driven market, with regional variations shaped by production performance, domestic demand, and global trade flows, contributing to a broadly subdued but nuanced pricing environment.

Brazil: Sugar Export prices FOB Santos, Brazil, Grade- Refined Sugar

In Q4 2025, Refined Sugar prices in Brazil FOB Santos fell by 11%, with prices ranging between 418 and 440 USD per metric ton. The price decline observed in Q4 is primarily driven by ample global supply conditions, which continued to outweigh concerns surrounding potential production losses in Brazil, the world’s largest producer and exporter.

Although drought conditions and wildfires disrupted agricultural regions and increasing uncertainties about output levels, these risks did not translate into immediate supply tightness. Strong production from other origins, comfortable inventory levels, and steady availability across the global market ensured sufficient supply coverage.

As a result, buyers remained confident and restrained in their procurement, allowing oversupply dynamics to dominate market sentiment and exert sustained downward pressure on prices throughout the quarter.

China: Sugar Domestically Traded prices, Ex-Guangxi, China, Grade- Granulated Sugar

According to Price-Watch™ , in Q4 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 4% compared to the previous quarter.

The number of sugar mills in Yunnan has grown, leading to increasing pressure on producers to sell their stock. The weakening of domestic sugar prices is primarily driven by rising imports, higher domestic production, and sluggish demand.

Overall, the market remains subdued, and sugar prices continue to trend downward. Due to the increase in domestic production and sluggish market demand, it is expected that white sugar will mainly fluctuate weakly in the short term.

India: Sugar Domestically Traded prices,  Ex-Sangli, India, Grade- Refined Sugar

In Q4 2025, Sugar prices in India prices ranged between USD 395-490 per metric ton. Sugar prices increased by 1 percent compared to the previous quarter, supported by strong production performance across key states. Uttar Pradesh recorded higher output by mid-January, reflecting an increase of around 8 percent year on year, while Karnataka showed improved crushing momentum with production rising about 13 percent over the same period last season.

Maharashtra also reported a significant boost in sugar output, reaching 64.50 lakh tons, a 51 percent increase compared to the previous year, supported by a higher number of operational mills. The combined effect of increased production in these major producing regions underpinned the upward movement in domestic sugar prices despite broader market challenges.

Global (NY 11): Sugar No. 11 Traded prices, Globally, Grade- Raw Centrifugal Cane Sugar

In Q4 2025, the Sugar price trend globally showed a more moderate decline of 6.37%, with prices between USD 331-346 per metric ton as supply-demand balance improved slightly. Global sugar prices have declined amid evolving production and export dynamics.

While improved production in Brazil, the world’s largest producer and exporter, and a rebound in Indian output are expected to create a surplus in exports after three years of restrictions, prices are pressured earlier by concerns over reduced production in Brazil caused by drought and wildfires affecting key agricultural areas.

In addition, India’s sugar export ban, implemented in 2023 in response to lower production and market uncertainty, had previously constrained supply, but the anticipated recovery in output is now contributing to a bearish outlook for global sugar prices.

Sugar Price Trend  Q1 2024

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.

Sugar Price Trend  Q2  2024

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.

Sugar Price Trend  Q3 2024

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.

Sugar Price Trend  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.

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

Energy Market Impact & Shifts in Biofuel Policy (2025)

Volatile crude oil markets increased incentives for ethanol blending, prompting mills to allocate a larger share of sugarcane to biofuel production. This reduced the volume of cane available for sugar manufacturing and tightened global availability. At the same time, higher logistics and energy costs raised overall production and distribution expenses. Importers seeking to rebuild inventories amid these constraints contributed to sustained upward pressure on sugar prices.

Climate Variability & Regulatory Adjustments (2024)

Extreme weather episodes, such as prolonged heatwaves and heavy rainfall, negatively affected sugarcane growth and lowered recoverable sugar content. New sustainability guidelines and export-management policies introduced in several producing regions created delays in shipments and restricted outbound supply. Strong demand from food and beverage manufacturers intensified competition for available stocks, supporting higher price levels.

Harvest Delays & Ongoing Logistical Inefficiencies (2023)

Inconsistent rainfall patterns delayed harvesting and shortened crushing windows, reducing the supply of raw and refined sugar entering the market. Logistics challenges—including port congestion, limited vessel availability, and elevated freight rates—slowed exports and reshaped global trade flows. Reduced inventories across several regions contributed to heightened price volatility.

Weather Stress on Crops & Increased Ethanol Diversion (2022)

Unfavorable weather conditions, including drought spells and excessive rainfall in key producing zones, reduced sugarcane yields and sucrose recovery. At the same time, higher energy prices encouraged mills to divert a larger portion of cane toward ethanol production instead of sugar. Rising input costs such as fertilizers, chemicals, and fuel added further upward pressure on sugar pricing during the year.

Rebound in Industrial Consumption After Economic Reopening (2021)

As manufacturing, hospitality, and beverage sectors gradually resumed normal operations, industrial sugar demand rose sharply. Buyers sought to rebuild inventories that had been drawn down during the pandemic. However, sugarcane output was slow to recover due to reduced planting and lower crop care during the previous year. This gap between improving demand and delayed supply recovery contributed to firmer global sugar prices.

Pandemic-Driven Supply Chain Disruptions (2020)

The onset of COVID-19 created substantial disruptions across the sugar value chain. Labor shortages at plantations and mills, reduced crushing operations, and restrictions on transportation slowed the movement of sugarcane and refined sugar. At the same time, demand dropped sharply from foodservice and beverage sectors, while household consumption increased. These imbalances generated significant market uncertainty and sharp price fluctuations.

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global sugar price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the sugar market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ keeps you fully informed of market dynamics.

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

Track Price Watch's™ sugar price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Sugar Market Price Trend published by Price Watch™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watch™ assumes no liability for decisions taken based on this information.

Sugar Pricing Factors:
Sugar pricing is primarily influenced by fluctuations in sugarcane and sugar beet production, as crop yields directly determine the volume of raw and refined sugar available in the market. Agricultural output depends on rainfall patterns, temperature variations, irrigation availability, and fertilizer usage, making weather conditions and farm-level agronomy critical drivers of supply. Crushing rates at mills, recovery levels (sucrose content), and the pace of harvesting activities further shape near-term production outlooks. Demand from food and beverage manufacturers particularly soft drinks, confectionery, bakery, and processed foods plays a major role in steering market direction. Ethanol blending programs in major producers like Brazil and India also create competition between sugar and biofuel production, significantly affecting global price movements. Stock levels held by mills, government agencies, and traders contribute to seasonal volatility.
Cost-side pressures such as rising labor wages, fuel prices, and transportation expenses can raise milling and logistics costs, pushing prices higher. Regulatory factors including minimum selling price policies, export quotas, ethanol diversion mandates, and import duties have an outsized impact on both domestic and global supply flows.

Negotiating Sugar Pricing:
• Leverage market knowledge: Keep up to date with global sugar supply trends, demand cycles and pricing benchmarks to negotiate with confidence.
• Pursue long-term contracts: Lock in pricing and ensure secure supply by entering agreements during low-price cycles, particularly in volatile periods.
• Diversify sourcing: Compare quotes from multiple suppliers across regions to strengthen negotiation positions and hedge against local supply disruptions.
• Foster supplier relationships: Develop trust and consistent communication to receive priority access and flexible terms in constrained supply scenarios.
• Optimize logistics: Negotiate shipping terms and consider cost-effective delivery modes, as transport delays and freight charges heavily influence landed costs.

Sugar Procurement Risks and Mitigation:
• Price volatility: Sugar prices are tied to CPO values and affected by global market sentiment and biofuel policy changes.
Mitigation: Implement hedging strategies (e.g., futures, fixed contracts) and monitor pricing trends for timely purchases.
• Supply disruptions: Weather anomalies, plant shutdowns, and freight congestion can result in delivery delays or shortages.
Mitigation: Diversify suppliers geographically, maintain inventory buffers, and keep close tabs on climatic and operational updates.
• Quality variability: Differences in moisture content and impurities foreign matter presence can affect suitability for downstream applications.
Mitigation: Enforce detailed product specifications, request COAs, and audit supplier production processes regularly.
• Regulatory and currency risks: Trade policies and currency movements directly impact import costs.
Mitigation: Monitor regional trade policy developments and use currency hedging mechanisms when sourcing internationally.
Robust risk mitigation strategies and well-structured supplier relationships are vital to ensuring a reliable and cost-efficient supply of Sugar.

Sugar is a widely used sweetener in food and beverages and an input in industries like confectionery, dairy, and pharmaceuticals. Its price affects the cost of everyday products such as candies, baked goods, soft drinks, and processed foods. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks these prices to help businesses and consumers understand and stay updated with the market trends.

Sugar prices vary by region, quality (raw, refined, white, or specialty), and form (crystals, liquid, or cubes). Prices are usually quoted per metric ton and fluctuate with supply, demand, weather conditions, and energy costs. Price Watch™ provides up-to-date price assessments across major global and domestic markets.

Sugar prices are influenced by production levels, imports and exports, weather conditions, and industrial demand. Factors like government policies, trade restrictions, transportation costs, and global consumption patterns also impact prices. Seasonal variations and crop harvest timing play a key role in short-term fluctuations. Recent trends show moderate growth tempered by global surplus in certain regions.

The largest buyers of sugar are food and beverage manufacturers, confectionery producers, dairy processors, bakeries, and pharmaceutical companies. Other industries include ethanol producers and specialty chemical manufacturers. Price Watch™ monitors demand trends across these sectors to provide market insights.

Sugar is primarily produced from sugarcane and sugar beet. After harvesting, the raw material is crushed or processed to extract sugar, which is then refined for consumption or industrial use.

Brazil is typically the largest sugar exporter globally, followed by India, Thailand, and European countries. Export volumes fluctuate based on domestic production, global demand, and trade policies. Price Watch™ tracks these trends to help businesses understand supply flows and sourcing opportunities.

Global supply generally meets demand, but regional shortages can occur due to adverse weather, crop failures, or logistical disruptions. Price Watch™ monitors these supply-demand imbalances to provide timely market alerts.

Sugar comes in multiple grades based on purity, color, and granulation, such as raw, white, refined, or specialty grades. Higher purity and specialty sugars cost more due to additional processing and quality standards. Prices also vary by packaging and form, such as granulated, liquid, or cube sugar. Price Watch™ provides separate price assessments for each grade to ensure transparency.

If demand spikes—for example, during festive seasons or increased industrial production—prices usually rise. Suppliers may prioritize certain buyers, and delivery timelines can extend, leading to temporary premiums. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ captures these market dynamics in real-time.

Energy costs influence sugar production, especially in crushing, refining, and transportation. Higher electricity, fuel, or processing costs often translate into higher sugar prices. Price Watch™ analyzes these correlations to provide accurate market insights.

Sugar prices vary by location due to local production capacity, transport costs, import/export tariffs, and regional demand patterns. Areas far from producing regions often see higher prices due to shipping expenses. Price Watch™ tracks prices across regions to highlight these differences.

Sugar price forecasts depend on factors such as global crop production, consumption trends, export-import policies, energy costs, and macroeconomic conditions. Price Watch™ publishes detailed forecasts for the next 12 months, considering supply additions, demand growth in key industries, seasonal harvest patterns, and global trade dynamics.

Yes. Accurate forecasts help you plan purchases, negotiate contracts, and manage budgets. If Price Watch™ predicts a price increase in coming months, you can stock up early or secure long-term contracts at current rates, potentially reducing costs.

Events such as droughts, floods, wildfires, trade disputes, export bans, or economic downturns can disrupt production or trade routes, causing price volatility. For example, droughts in Brazil or export restrictions in India have historically impacted global sugar prices. Price Watch™ provides timely alerts when such events affect the market.

Price Watch™ collects data from producers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Its transparent methodology and comprehensive coverage make it a trusted source for understanding fair pricing and market trends in the sugar industry.

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