Prices for sugar have dropped to minimums due to the growth of production in Thailand, according to a report from Barchart.
agricultural products
Sugar

Prices for sugar have dropped to minimums due to the growth of production in Thailand, according to a report from Barchart.

According to Barchart, prices for May world sugar No. 11 in New York decreased by -0.61 (20.53; -2.84%), while prices for London white sugar ICE No. 5 dropped by -4.40 (609.00; -0.70%). In New York, sugar prices reached a monthly minimum, while in London they hit a three-week low.

Production in Thailand exceeded forecasts, which influenced the price decrease.

4 June 2025 4 June 2025

According to the report by Barchart, on Thursday, prices for May world sugar №11 in New York (SBK24) fell by -0.61 (20.53; -2.84%), while prices for May London white sugar ICE №5 (SWK24) declined by -4.40 (609.00; -0.70%).

Against this backdrop, the cost of sugar showed a slight decrease: in New York, prices hit a monthly low, while in London they reached a three-week low.

Since the beginning of last week, sugar prices have been under pressure after the Sugar and Cane Control Board announced that sugar production in Thailand from December to March this year reached 8.75 million tons. This figure exceeds the previous estimates by the Thai Sugar Millers Corp, which estimated production volume at 7.5 million tons.

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