Sugar No 16 Prices

09-12-2025 - Over the past month, the price of Sugar No 16 has decreased from 33.75 ¢/lb to 32.1 ¢/lb, indicating a downward trend in the raw material market. This decline suggests a potential oversupply or reduced demand. The forecast for Sugar No 16 is 32.09 ¢/lb, nearly unchanged from the current price of 32.1 ¢/lb, reflecting a generally flat trend. The minimal price change of -0.01 ¢/lb or -0.0% indicates low risk in raw material pricing.

The current forecast presents mixed signals. Technical data, with a 0.2 ¢/lb impact, suggests upward price pressure due to Futures Curve and Price Signals. However, Flows and Supply data indicate downward pressure, creating uncertainty in pricing trends. Recent analyses suggest a bearish outlook for the ICE Sugar market, consistent with the forecast of a price decrease to 32.09 ¢/lb in the coming month. A report from CropGPT dated October 30, 2025, highlights a significant decline in sugar futures, attributing the drop to expectations of a global surplus in the 2025/26 season. December ICE #5 contracts have fallen below key technical levels, reaching their lowest point in four years. This trend is driven by record output forecasts and diminishing hopes for ethanol diversion, with increased production in India and Brazil reinforcing oversupply concerns. The technical analysis within the report suggests a continued downward trajectory, with key support levels under threat.