Sugar prices fall to their lowest level in four years

(GLO)- According to the Vietnam Commodity Exchange (MXV), sugar prices are currently falling sharply, falling to the lowest level in the past 4 years.

Specifically, the price of raw sugar 11 decreased by more than 3.4% to 318.7 USD/ton. The price of white sugar also decreased by more than 2.1% to 422 USD/ton.

MXV said that oversupply pressure is the main reason for the weakening of the world sugar market. Although the global sugar cycle for the 2025-2026 crop year has just begun for less than a month, the signal of oversupply is already clear. According to the aggregate data, the global sugar surplus for the 2025-2026 crop year is expected to reach 3.73 million tons, up 40.2% from the 2.66 million tons in the previous survey in May.

Sugarcane harvest. Photo: Moc Tra

Some major players in the industry, such as Czarnikow, even forecast 7.4 million tonnes, 1.2 million tonnes more than the August estimate. If this scenario plays out, it would be the biggest surplus crop since 2017-2018.

In terms of production, Brazil, the world's largest sugar producer, continues to maintain stable supply in the 2025-2026 crop year. The latest UNICA report said that sugar accounted for an average of 53% of sugarcane crushing this year, up 5% compared to the same period last year.

In the domestic market, sugar prices recorded a slight increase at the end of last week but transactions were not really active. Factories continued to offer a variety of products and proactively reduced prices to clear inventory. Factory prices continued to decrease compared to the previous period, fluctuating between 16,850 and 17,600 VND/kg.

Source: https://baogialai.com.vn/gia-duong-roi-xuong-muc-thap-nhat-trong-4-nam-gan-day-post570621.html