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FAO: The Food and Agriculture Organization's Sugar Price Index averaged 92.4 points in March
FAO Sugar Price Index averaged 92.4 points in March, up 6.2 points (7.2%) month-on-month, reaching the highest level since November 2025, but still 24.5 points (21.0%) lower than a year earlier.
The March increase was mainly driven by rising international crude oil prices, with market expectations that Brazil, the world’s largest sugar exporter, will allocate a larger proportion of its sugarcane to ethanol production in the upcoming harvest.
In addition, escalating conflicts in the Near East have raised concerns about disruptions in sugar trade flows, adding further upward pressure on sugar prices.
However, the overall outlook for global sugar supply in 2025/26 remains favorable (with smooth harvest progress in India and Thailand), which has somewhat limited the rise in global sugar prices.