Sugar prices slide as dollar hits 13-month high and WTI sinks to a 3.5-month low

Raw sugar in New York and white sugar in London fell, with NY sugar matching a 1.75-month low. The dollar index climbed to a 13-month high, while WTI crude dropped to a 3.5-month low, pressuring ethanol economics and potentially encouraging mills to direct more cane toward sugar output, lifting near-term supply expectations. Weather risks remain a longer-term support, including India’s monsoon rainfall running 38% below normal as of June 17 and confirmation that an El Niño pattern has formed. Several forecasters have also adjusted their 2026/27 global sugar balance outlooks, but trading focus has stayed on near-term supply pressure.