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This is your Daily Sugar Price Tracker with Vanessa Clark podcast.
Hey everyone, welcome back to the Daily Sugar Price Tracker. I'm your host Vanessa Clark, and today we're diving into what's happening in the global sugar market right now. Trust me, there's a lot to unpack, and it's going to affect everything from your morning coffee to your favorite snacks.
So let's start with where sugar is trading today. As of November 26th, 2025, raw sugar futures are sitting at 15 point 13 US dollars per pound, up about 1 point 52 percent from yesterday. Now, that might sound like good news for producers, but here's the thing. That price is still down significantly from earlier in the year. We've seen global sugar prices fall between 8 to 15 percent since the beginning of September, and we're looking at multi-year lows in November.
What's causing this massive drop? Well, it all comes down to supply. Brazil, the world's largest sugar exporter, is projected to produce a record 44 point 7 million tonnes this season. India, the second largest producer, is expected to hit 35 point 3 million tonnes. Thailand and China are also ramping up production. The International Sugar Organization is now forecasting a global surplus of 1 point 625 million metric tonnes for the 2025 to 26 season. Some traders are even more bearish, predicting a surplus as high as 9 point 3 million tonnes.
Let me break down what this means for different players in the market. If you're a consumer or you work for a food and beverage company like Coca-Cola or PepsiCo, this is actually good news. Lower sugar prices mean lower input costs, which could mean cheaper snacks, cheaper beverages, and maybe some relief from inflation that we've all been feeling. However, if you're a sugar producer or working in an exporting country, you're facing real pressure on profit margins right now.
The interesting part is that even though we're seeing these lower prices, the market remains volatile. We actually saw a brief rebound in early November, which just shows you how quickly sentiment can shift in commodity markets. Weather conditions, export policies, and unexpected demand changes can all trigger sharp price movements in either direction.
Looking ahead, analysts expect prices to remain under pressure through at least early 2026 because of that anticipated global surplus. However, if we see any significant weather disruptions in Brazil or India, or if we get unexpected policy changes, we could see those prices bounce back up quickly.
So there you have it. Sugar prices are down, supplies are abundant, and consumers are seeing some relief while producers are tightening their belts. It's a classic commodity market story playing out right now.
Thanks so much for tuning in to the Daily Sugar Price Tracker. Make sure you subscribe so you don't miss tomorrow's update on what's moving in the sugar market. I'm Vanessa Clark, and I'll see you next time.
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