Why are Sugar No 16 Prices so high?
30-09-2026 - Over the past month, the price of Sugar No. 16 has held steady at 39.0 cents per pound, reflecting a period of stability with no notable price fluctuations. The forecast predicts a slight increase to 39.09 cents per pound, a marginal rise of 0.09 cents or 0.2% from the current price, suggesting a generally flat trend with minimal pricing risk for this raw material.
The forecast presents mixed signals. Supply data indicates a downward pressure on prices, with a -0.48 cents per pound impact due to favorable crop growth and weather conditions. Conversely, factors such as demand, market flows, and technical data suggest upward pressure on prices, resulting in an overall uncertain forecast.
In contrast, recent analyses of ICE Sugar No. 11 futures reveal a softening trend, with prices falling below 18 cents per pound. This decline is attributed to India's export ban, improved supply conditions, and consistent Brazilian output. For example, on September 25, 2026, the front October 2026 contract settled at 17.58 US cents per pound, marking a 0.97% decrease for the day. This indicates a phase of market consolidation, with prices trending lower and reduced volatility.
Given this context, there is a differing opinion from external sources regarding the forecasted upward trend to 39.09 cents per pound, highlighting the uncertainty in the market outlook.
The forecast presents mixed signals. Supply data indicates a downward pressure on prices, with a -0.48 cents per pound impact due to favorable crop growth and weather conditions. Conversely, factors such as demand, market flows, and technical data suggest upward pressure on prices, resulting in an overall uncertain forecast.
In contrast, recent analyses of ICE Sugar No. 11 futures reveal a softening trend, with prices falling below 18 cents per pound. This decline is attributed to India's export ban, improved supply conditions, and consistent Brazilian output. For example, on September 25, 2026, the front October 2026 contract settled at 17.58 US cents per pound, marking a 0.97% decrease for the day. This indicates a phase of market consolidation, with prices trending lower and reduced volatility.
Given this context, there is a differing opinion from external sources regarding the forecasted upward trend to 39.09 cents per pound, highlighting the uncertainty in the market outlook.
What is the current / spot price of Sugar No 16?
Sugar No 16 Price Today
September 30, 2026
Current Price
39
¢/lb
What is the forecast for the price of Sugar No 16?
Sugar No 16 Price Forecast
September 30, 2026
1 Month Forecast
39.09
¢/lb
1 Year Forecast
35.93
¢/lb
What are the short-term drivers of Sugar No 16 prices?
Over the 1 Month horizon the outlook is moderately bullish due to drivers such as: - Long term price trends - Sugar exports from India - Japan PMI Br(None) The top contrary drivers for the 1 Month horizon are: - Satellite-observed activity in Somme (France) - EWMA-based technical analysis
What are the long-term drivers of Sugar No 16 prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Short term price trends - The net positions of speculators on ICE - Max. temperature in Lipetsk Oblast (Russia) Br(None) The top contrary drivers for the 1 Year horizon are: - Satellite-observed activity in Somme (France) - Long term price trends
Will the price of Sugar No 16 go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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