Raw sugar futures extended gains as weather and production worries in major producers raised fears of a tighter global supply. New York most‑active raw sugar futures rose as much as 2% to the highest level since Dec. 17, 2024, after nearly an 8% advance last week; white sugar futures also climbed. El Niño is increasing crop risk, with sugarcane likely among the earliest affected. Heavy rain in Brazil has slowed cane harvesting and crushing, while India, facing its weakest monsoon since 2015, is

Raw sugar futures extended gains as weather and production worries in major producers raised fears of a tighter global supply. New York most‑active raw sugar futures rose as much as 2% to the highest level since Dec. 17, 2024, after nearly an 8% advance last week; white sugar futures also climbed. El Niño is increasing crop risk, with sugarcane likely among the earliest affected. Heavy rain in Brazil has slowed cane harvesting and crushing, while India, facing its weakest monsoon since 2015, is expected to see lower sugar output. EU agricultural monitors project EU sugar‑beet production below the five‑year average. Markets had priced a global supply surplus at the start of the year, but weather risk is shifting that outlook. IG chief market analyst Chris Beauchamp: "Weather concerns are driving recent sugar gains; prices may test August highs."