Global Sugar Market 2025

We are expecting India’s sugar production for the 2025/26 season to reach a record 35.3 million metric tons, marking a substantial increase from the previous year. This surge is attributed to favorable monsoon rains and expanded sugarcane cultivation. 

The government’s push for ethanol blending is also influencing the market. By diverting sugar to ethanol production, mills gain additional revenue while supporting the country’s energy goals. This policy aims to bolster India’s position in the global sugar market.

Thailand’s sugar production is forecasted to rise by 2%, reaching approximately 10.3 million metric tons. Nevertheless, the country faces challenges in the export sector. In particular, the ongoing Chinese ban on Thai sugar syrup exports continues to limit industrial demand. As a result, Thailand is focusing on diversifying its export markets while supporting domestic consumption.

Brazil continues to lead globally, with sugar production in 2025 expected to reach a record 44.7 million metric tons, driven by favorable weather and efficient milling practices. 

Exports remain strong, with Brazil projected to ship approximately 35.8 million metric tons this season. Competitive pricing and robust production ensure Brazil’s dominance in the global sugar trade.

In the 2025/26 season, Brazil and India are driving the global sugar market toward a record 189.3 million metric tons through increased production. However, experts expect this growth may offset production declines in other regions, such as the European Union.

Nevertheless, Global sugar market 2025 faces challenges, including a potential surplus and declining prices. Expected surplus is 2.77 million metric tons, narrowing from a prior deficit, driven by record production in Brazil and India. 

For a detailed report, download OECD-FAO Agricultural Outlook 2025–2034

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