Sugar Prices Tumble on Oil Drop
Sugar fell sharply to 1-week lows as a 5% plunge in crude oil undercut ethanol prices, potentially boosting sugar supplies. The outlook for ample global supply remains bearish.
Raw Sugar Price Trend Analysis 2026: Historical Prices, Price Drivers, Supply Demand Analysis, Market Insights & Latest News
Written BySiddharth David
Raw Sugar Latest Development
India Raw Sugar Prices to Rise on Tight Supply
India's government approved duty-free imports of one million tonnes of raw sugar to address low inventories and firm domestic demand ahead of the festive season. The import intervention is expected to moderate price increases, though prices are still projected to trend higher through the current season. Strict stock limits and anti-hoarding measures were also implemented to secure local supply.
Raw Sugar Price Trend August 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Raw Sugar | Brazil | SPOT | USD 466.00/MT | August 2026 |
| Raw Sugar | Brazil | SPOT | USD 420.00/MT | July 2026 |
Stay updated with the latest Raw Sugar prices, historical data, and tailored regional analysis
Raw Sugar Price Trend H1 2026
- Raw sugar markets remained broadly weak during H1 2026 as abundant Brazilian supply and improving Asian output outweighed occasional weather and policy concerns.
- Higher cane availability increased crushing potential, although stronger ethanol allocation in Brazil temporarily restricted the volume directed toward sugar production.
- Import demand remained steady across major consuming markets, but buyers stayed cautious as ample export availability reduced the need for aggressive stockbuilding.
During H1 2026, raw sugar prices remained generally under pressure, with short-lived recoveries failing to develop into a sustained rally. Brazil was the main bearish influence as strong cane crushing and rising Center-South sugar output increased export availability, while ethanol diversion prevented an even sharper decline. Brazilian raw sugar exports were estimated at 29.94 million MT in MY2025/26, maintaining substantial supply to global buyers. Asian markets also faced improving availability as Thailand benefited from a stronger cane crop and higher extraction, with sugar production expected to rise 10% year on year. India initially added potential export supply, but weak export economics encouraged mills to prioritize domestic sales before tighter export controls emerged late in H1. Indonesia remained a major demand centre, with raw sugar imports estimated at 3.8 million MT, largely sourced from Brazil, Thailand and Australia. These trade flows kept Asian buyers well supplied despite periodic Black Sea-style logistics and freight concerns elsewhere in commodities.
Analyst Insight
According to Procurement Resource, raw sugar prices are expected to remain soft to range-bound as Brazilian availability weighs on the market, while ethanol allocation, weather risks and Asian import demand may limit deeper declines.
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The Raw Sugar prices experienced downward pressure throughout the fourth quarter, driven by exceptionally high production volumes from Brazil. The sugarcane harvest yielded substantial output that exceeded earlier forecasts, with sugar production maintaining elevated levels despite slightly lower crushing volumes compared to the previous year. Sugar extraction rates improved significantly, reflecting favourable processing conditions during the late crushing season.
Export activity surpassed market expectations as sustained high yields in the late season enabled shipment volumes to exceed the comparable period from the prior year. Brazil maintained its position as a leading global supplier, with cumulative export volumes reaching historically elevated levels. The abundant supply from Brazil, combined with favourable harvest projections from India and Thailand, created a strong global supply outlook that weighed heavily on pricing dynamics.
The quarter concluded with some market stabilization as producers faced profitability concerns and analysts began adjusting production estimates. Discussions emerged regarding potential shifts in cane allocation toward ethanol production rather than sugar manufacturing, as falling sweetener prices reduced margins for sugar mills.
About Raw Sugar
Raw sugar refers to sugar before the molasses is separated in the processing of sugar cane. Raw Sugar is known to be a sugar type which retains a small to large amount of molasses from the mother liquor, that is, the partially evaporated sugar cane juice. Thus, it contains all the mineral and acid impurities of the syrup. It is found in shades of brown, with flavours of caramel and smoke. Demerara sugar, Turbinado sugar, and Barbados sugar are some of the types of Raw Sugar.
Raw Sugar Product Detail
Industrial Uses
Syrup, Food Preparation, Beverages, Processed Food
Synonyms
Natural Brown Sugar, Whole Cane Sugar
Supplier Database
Südzucker AG, British Sugar plc, Mitr Phol Group, Santushti International, Wilmar International Ltd
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Raw Sugar Production Process
- Production of Raw Sugar via Milling and Evaporation
Cane Sugar is processed into Raw Sugar by a sequence of operations like harvesting, cutting, crushing, extraction of juice, clarification, evaporation, and crystallisation. In sugar mills, the juice is extracted from the stalks of sugarcane via the process of milling, wherein the cane tissues are disrupted by cutting, grinding or ‘fiberizing’ to extract nearly 95–97% of available sucrose. Then, the obtained juice is filtered, and the clarified juice is concentrated through evaporation into crystalline raw sugar.
Our Price Analysis Methodology
About the Author
Siddharth David
Manager - Market Research
Delivering market research and procurement intelligence at Procurement Resource with a focus on economic forecasting, commodity analysis, and client advisory to help sourcing teams make data-backed purchasing decisions.
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