REPORTS

Barchart - Sugar prices settled mixed on Tuesday. NY sugar recovered early losses and posted modest gains amid forecasts for lower sugar production in Thailand, the world’s second-largest sugar exporter.  On Monday, the Thai Sugar Millers Corp projected that 2026/27 Thailand sugar production could fall -17% y/y to 10 MMT.

Sugar prices have been under pressure since last Wednesday amid speculation that India will import less sugar than initially expected. The Indian government last week reduced the sugar dealer stock-holding limit to 200 MT from 400 MT, effective Sep 15 through Nov 20, to curb hoarding and boost domestic availability. The action will help push more sugar stockpiles onto the market, potentially reducing India's need to import sugar.