October NY world sugar #11 (SBV25) today is up +0.15 (+0.94%), and December London ICE white sugar #5 (SWZ25) is up +6.50 (+1.41%). Sugar prices are moving sharply higher today, with NY sugar posting a 4-week high and London sugar climbing to a 1.5-week high.  Today's dollar weakness (DXY00) is supportive for sugar prices, along with signs of stronger global demand, as Pakistan has placed orders for a total of 320,000 MT of sugar for immediate delivery. More News from Barchart Last Tuesday, NY sugar po ...

October NY world sugar #11 (SBV25) today is up +0.16 (+1.01%), and December London ICE white sugar #5 (SWZ25) is up +2.20 (+0.48%). Sugar prices are moving higher today and posted 1.5-week highs as dollar weakness (DXY00) spurs short-covering in sugar futures. More News from Barchart Last Tuesday, NY sugar posted a 4.25-year nearest-futures low, and London sugar posted a 4-year low as they extended their 7-month downtrend due to prospects of abundant global sugar supplies.  Last Tuesday, StoneX project ...

October NY world sugar #11 (SBV25) on Friday closed up +0.11 (+0.70%), and December London ICE white sugar #5 (SWZ25) closed down -1.90 (-0.41%). Sugar prices settled mixed on Friday, with NY sugar climbing to a 1.5-week high.  Strength in crude prices sparked some short covering in sugar futures as WTI crude (CLX25) rallied to a 1.75-month high Friday.  Higher crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing to ethanol production rather than sugar, thereb ...

October NY world sugar #11 (SBV25) on Thursday closed down -0.16 (-1.03%), and December London ICE white sugar #5 (SWZ25) closed down -4.50 (-0.98%). Sugar prices extended Wednesday's selloff on Thursday, with NY sugar slumping to a 4.25-year nearest-futures low and London sugar sliding to a 4-year low.   Ramped-up sugar production in Brazil is boosting supplies and undercutting prices.  Unica reported Wednesday that Brazil's Center-South sugar output in the second half of August rose by +18% y/y to 3.872 ...

价格表现 - 10月纽约世界糖11号期货上涨0.21点（1.33%） 伦敦ICE白糖5号期货上涨6.20点（1.28%） 周一结算价创1.5周新高 [1] - 巴西雷亚尔兑美元汇率升至15个月高点 货币走强抑制巴西糖生产商出口销售 引发空头回补 [1] 市场持仓与价格波动 - 基金在纽约糖期货的净空头头寸增加32,849手至182,608手 为近6年最高水平 过度空头仓位可能加剧空头回补行情 [2] - 纽约糖期货上周一跌至4.25年低点 伦敦糖跌至3.5周低点 主因巴西增产预期压制市场 [2] 巴西生产动态 - 巴西中南部8月上半月糖产量同比增16%至361.5万吨 甘蔗制糖比例从去年49.15%提升至55% [2] - 本年度累计产量仍同比下降4.7%至2,288.6万吨 [2] - 糖厂优先生产糖而非乙醇 因干燥天气促使甘蔗更适宜制糖 此趋势在收割高峰期将持续 [3] 全球供需格局 - 国际糖组织预测2025/26年度全球糖缺口23.1万吨 较2024/25年度488万吨缺口显著改善 为连续第六年短缺 [4][5] - 预计全球产量增长3.3%至1.806亿吨 消费量微增0.3%至1.808亿吨 [5] - 印度要求批准2025/26年度出口200万吨糖 该国为全球第二大产糖国 [3]

价格表现 - 10月纽约11号糖期货价格上涨0.09点（涨幅0.57%）伦敦5号白糖期货上涨6.60点（涨幅1.37%）受原油价格上涨推动[1] - 原油价格上涨1%推高乙醇价格 可能促使全球糖厂将甘蔗压榨转向乙醇生产 从而减少糖供应[1] 巴西生产动态 - 8月上半月巴西中南部糖产量同比增长16%至361.5万公吨 用于制糖的甘蔗比例从去年同期的49.15%升至55%[2] - 巴西糖厂优先生产糖而非乙醇 因干燥天气促使工厂生产更多糖 该趋势在收割高峰期预计持续[3] - 截至8月中旬 2025-26年度累计糖产量同比下降4.7%至2288.6万公吨[2] 全球供需预测 - 国际糖组织预测2025-26年度全球糖缺口23.1万公吨 较2024-25年度488万公吨缺口改善[4] - 预计2025-26年度全球糖产量增长3.3%至1.806亿公吨 消费量增长0.3%至1.808亿公吨[4] - 巴西政府机构Conab将2025-26年度产量预估下调3.1%至4450万公吨[5] - 2024-25年度巴西糖产量下降3.4%至4411.8万公吨 因干旱和高温导致甘蔗单产降低[5] 市场预期分歧 - Czarnikow预测2025-26年度全球糖供应过剩750万公吨 为8年来最大盈余[6] - 美国农业部预计全球糖产量增长4.7%至创纪录的1.89318亿公吨 期末库存增长7.5%至4118.8万公吨[6]

价格表现 - 10月纽约11号糖期货上涨0.21点（+1.34%）伦敦5号白糖期货上涨3.10点（+0.65%）[1] - 原油价格上涨1%刺激糖价走强 因乙醇价格上升可能促使糖厂将更多甘蔗用于乙醇生产而非制糖[1] - 纽约糖价周一跌至4.25年新低 伦敦糖价跌至2.5周低点[2] 巴西生产动态 - 巴西中南部8月上半月糖产量同比增加16%至361.5万公吨[2] - 甘蔗制糖比例从去年同期的49.15%提升至55%[2] - 本年度累计糖产量同比下降4.7%至2288.6万公吨[2] - 糖厂优先生产糖而非乙醇 因干燥天气促使更多甘蔗用于制糖[3] - 巴西政府机构Conab将2025/26年度产量预估下调3.1%至4450万公吨[5] - 2024/25年度巴西糖产量下降3.4%至4411.8万公吨 因干旱和高温导致甘蔗单产降低[5] 全球供需预测 - 国际糖组织预测2025/26年度全球糖缺口23.1万公吨 较2024/25年度488万公吨缺口大幅改善[4] - 预计全球产量增长3.3%至1.806亿公吨 消费量增长0.3%至1.808亿公吨[4] - Czarnikow预测2025/26年度将出现750万公吨全球盈余 为8年来最大盈余[6] - 美国农业部预测全球产量增长4.7%至创纪录的1.89318亿公吨 期末库存增长7.5%至4118.8万公吨[6]