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Sugar prices soar 21.5% in August, highest since 2010, driven by supply cuts and El Niño fears.

Market News
06 Sep 2026
CNBC
View Source
Bullish
Sugar prices soar 21.5% in August, highest since 2010, driven by supply cuts and El Niño fears.

Sugar prices surged 21.5% in August, marking their strongest monthly rise since 2010, due to lower production in Europe, Brazil, and India, and concerns over El Niño's impact on future harvests. Elevated oil prices are also pushing Brazilian mills to produce more ethanol instead of sugar, tightening global supply. India's recent duty-free sugar imports signal domestic shortages, further tightening the market. These factors combined have led analysts to predict continued price pressure on sugar in the near term.

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