NY raw sugar and London white sugar retreat more than 1.3% from 1.25-year highs
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NY raw and London white sugar pulled back over 1.3% from 1.25-year highs as improved Indian monsoon conditions eased near-term drought risk and triggered long liquidation. This offsets tighter-supply signals from sharply lower Brazil Center-South output and multiple forecasts pointing to deficits in 2026/27–2027/28 amid weather disruptions in India, the EU/UK, and Thailand. Focus shifts to evolving weather and production revisions.
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NCCOSUGAR2USD/USDT-0.87%
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New York raw sugar and London white sugar futures pulled back from 1.25-year highs set on Wednesday, with both contracts down more than 1.3%. The decline came despite a 26.3% year-on-year drop in June sugar output in Brazil’s Center-South and a series of downward revisions to future global supply forecasts. Improved monsoon rainfall in India since late June has eased concerns about drought in key cane-growing areas, adding pressure to prices. Traders are watching upcoming weather and production developments, with Thailand’s 2026/27 output expected to fall 15.6% and 2027/28 global output projected to slip 0.7% to 177 MMT.
