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Broker StoneX on Wednesday, 11 slashed its forecast for a global sugar surplus in the 2025/26 season to just 870,000 metric tonnes, citing a lower outlook for production in India.
In its January report, StoneX forecast a surplus of 2.9-million tonnes for the annual global cycle running from October to September.
The broker reduced that estimate after cutting its outlook for sugar production in India, now estimated at 29.7-million tonnes, from 32.3-million tonnes previously.
A lower surplus could be a respite for sugarcane growers and sugar mills who have struggled during a prolonged period of historically low prices.
More details: https://www.businessday.co.za/world/2026-03-11-stonex-slashes-global-202526-sugar-surplus-forecast-by-70/