Sugar No 5 Prices

15-04-2026 - Over the past month, the price of Sugar No 5 has risen from $415.0/t to $424.2/t, indicating a strengthening market for this commodity. This increase may be due to supply constraints or heightened demand. However, the forecast predicts a slight decrease to $422.1/t, reflecting a -0.5% change, suggesting a generally stable market with minimal risk of significant price fluctuations.

The forecast anticipates a downward price impact of -$3.2/t, influenced mainly by Flows data, including Exchange Rates and Seaborne Imports & Exports. While Demand and Supply data suggest upward pressure, Flows and Technical data point to a potential decline in raw material prices.

Recent analyses present a bearish outlook for the ICE Sugar market in the coming month, consistent with the forecasted price drop to $422.1/t. On April 13, 2026, sugar futures in the U.S. increased to about 13.9 US cents per pound but remained close to one-month lows. This stagnation is due to expectations of a substantial surplus in the 2025/26 season, driven by robust production from key producers like India and Brazil. India's sugar output rose by 9% year-on-year to 27.12 million tonnes from October to March, while Brazil's Center-South production increased by 0.7% to 40.25 million tonnes. Additionally, India's government has no plans to restrict sugar exports this year, further supporting the scenario of increased availability. These factors collectively underpin the forecasted downward trend in sugar prices.