Cyprus Times

Sugar Prices Plunge, Heading for Largest Annual Drop Since 2017

Published January 1, 2026, 08:11
Sugar Prices Plunge, Heading for Largest Annual Drop Since 2017

The global sugar market is expected to record its largest annual drop since 2017 due to oversupply. Strong production in Brazil, the leading exporting country, and the recovery of production in India, a major producer, are expected to lead to a supply surplus. Raw sugar has already fallen by approximately 22% this year, while white sugar has decreased by 15% in London. Uncertainty regarding production in Thailand, due to harvest delays and border issues, could partially limit the surplus. However, the market remains under pressure.