Why are Sugar No 5 Prices so high?
29-01-2026 - Over the past month, the price of Sugar No 5 has decreased from $434.6/t to $412.2/t, indicating a downward trend in the raw material market. This decline suggests potential changes in supply or demand dynamics. The forecast predicts a further decrease to $405.9/t, a 1.5% drop from the current price of $412.2/t, indicating a generally flat to slightly downward trend. This forecast highlights the risk of market fluctuations impacting raw material prices.
The anticipated price reduction of $3.6/t is primarily attributed to supply factors, particularly adverse weather conditions. While supply, demand, and technical data suggest downward pressure on prices, flow data indicates potential upward pressure, resulting in a mixed outlook for raw material prices.
The forecast supports a decline in ICE Sugar prices to $405.9/t in the coming month, aligning with recent analyses that point to a downward trend in sugar prices. For example, a report from Ecofin Agency notes a 16.9% drop in raw sugar prices in 2025 on the New York ICE, with expectations of a global sugar surplus for the 2025/2026 season. This suggests continued downward pressure on prices into 2026.
The anticipated price reduction of $3.6/t is primarily attributed to supply factors, particularly adverse weather conditions. While supply, demand, and technical data suggest downward pressure on prices, flow data indicates potential upward pressure, resulting in a mixed outlook for raw material prices.
The forecast supports a decline in ICE Sugar prices to $405.9/t in the coming month, aligning with recent analyses that point to a downward trend in sugar prices. For example, a report from Ecofin Agency notes a 16.9% drop in raw sugar prices in 2025 on the New York ICE, with expectations of a global sugar surplus for the 2025/2026 season. This suggests continued downward pressure on prices into 2026.
What is the current / spot price of Sugar No 5?
Sugar No 5 Price Today
January 30, 2026
Current Price
412.2
¢/lb
What is the forecast for the price of Sugar No 5?
Sugar No 5 Price Forecast
January 30, 2026
1 Month Forecast
405.9
¢/lb
1 Year Forecast
472.5
¢/lb
What are the short-term drivers of Sugar No 5 prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - Min. temperature in Lublin Voivodeship (Poland) - Eurozone Equities - The shape of the futures curve Br(None) The top contrary drivers for the 1 Month horizon are: - Movements in the Swiss Franc - Satellite-observed activity in Belgorod Oblast (Russia)
What are the long-term drivers of Sugar No 5 prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The shape of the futures curve (adjusted for the risk free rate and price volatility) - Short term price trends - Sugar exports from India Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends
Will the price of Sugar No 5 go up?
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