Sugar No 16 Prices

05-02-2026 - Over the past month, the price of Sugar No 16 has fallen from 33.49 ¢/lb to 31.0 ¢/lb, indicating a downward trend in the raw material market. This decline may be due to an oversupply or reduced demand during this period. The forecast for Sugar No 16 predicts a slight increase to 31.37 ¢/lb, up 0.37 ¢/lb or 1.2% from the current price of 31.0 ¢/lb, suggesting a generally stable trend with minimal risk.

The current forecast presents mixed signals. While demand data from the Global Economy suggests a price decrease of -0.15 ¢/lb, Flows and Technical data indicate upward pressure. Conversely, Demand and Supply data suggest downward pressure on raw material prices. Despite the forecast's slight increase, recent analyses indicate a bearish outlook for the ICE Sugar market over the next month. For example, a report from Ecofin Agency projects a 16.9% drop in raw sugar prices by 2025, with continued downward pressure expected into 2026 due to a global sugar surplus. This external analysis offers a contrasting perspective to the forecast, suggesting a potential decline in prices contrary to the anticipated slight increase.