Global Sugar prices are giving up recent gains. New York Raw sugar futures fell around 2% to 2-week lows on Thursday as markets eyed rising sugar production in India. India's National Federation of Cooperative Sugar Factories Ltd. reported that India's 2025-26 sugar output from Oct 1-Mar 31 rose 9% on year to 27.12 MMT. Elevated sugar production in Brazil is also bearish for sugar prices. Unica reported that cumulative 2025-26 Center-South sugar output (October through mid-March) is up 0.7% on year to 40.25 MMT. Sugar had rallied to a 5.5-month high as Crude oil surged to four year high last month.

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