Sugar prices hit 4-year low, soybeans surge

The world raw material market is clearly differentiated, in which sugar prices fall to a 4-year low, soybeans increase strongly.

The market for industrial raw materials is "bright red". Source: MXV

According to the Vietnam Commodity Exchange (MXV), the industrial materials group attracted the attention of domestic and international investors as it led the decline.

Of which, sugar prices fell to their lowest level in more than 4 years. Raw sugar price 11 decreased by 3.4% to 318.7 USD/ton, white sugar lost more than 2.1% to 422 USD/ton.

MXV believes that the prolonged oversupply is the main cause of downward pressure on prices. International organizations forecast that the global sugar surplus in the 2025-2026 crop year could reach 3.73 million tons, up more than 40% compared to the previous forecast, and could even reach 7.4 million tons - the highest level since 2018 if favorable production scenarios occur.

The latest report shows that Brazil – the world’s largest sugar producer – continues to maintain stable supply in the 2025-2026 crop year with a significant increase in sugarcane output for crushing compared to last year. Sugar production in India, Thailand and some Central American countries also recorded positive signals.

Domestically, wholesale sugar prices in the West fluctuate between 17,000 and 17,150 VND/kg, while in Lao Bao area, prices range from 15,700 to 16,400 VND/kg depending on the type. Factories proactively reduce prices to clear inventory.

The agricultural market is "bright green" as prices of all products increase. Source: MXV

Soybean futures for November delivery jumped more than 2.4% to $392 a tonne, hitting their highest level since late June.

According to MXV, investors' optimism comes from the news that the US President and Chinese President may meet bilaterally in South Korea next month, with the possibility of Beijing committing to buy "a significant volume" of US soybeans.

However, experts warn that the rally reflects more political expectations than the reality of supply and demand. Data from the US Department of Agriculture shows that soybean exports in the week ending October 23 were only 1.06 million tons, down more than 30% from the previous week. Meanwhile, Brazil – the world’s largest supplier – is planting early and is expected to achieve a record output of 178.5 million tons.

Source: https://hanoimoi.vn/gia-duong-xuong-day-4-nam-dau-tuong-tang-manh-721230.html