Weak India monsoon lifts NY and London sugar futures more than 3% as of June 26

Sugar prices jumped as India’s monsoon rains ran well below normal, fueling concerns about lower cane yields and tighter global supply. India’s Meteorological Department said cumulative monsoon rainfall was 42% below normal as of June 26. Additional support came from a weaker Brazil sugar mix and export constraints tied to India’s quota system. The International Sugar Organization (ISO) lowered its 2026/27 global production outlook to 180 MMT and projected a deficit of 262,000 MT, helping push both New York and London sugar contracts up more than 3%.