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Sugar prices rise due to gasoline strength

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May 06, 2026 Sugar Prices Supported by a Surge in Gasoline Prices Bullish

May 01, 2026 Sugar Prices Sharply Higher as Gasoline Surges Bullish

Apr 30, 2026 Sugar Prices Climb on Strength in Gasoline and Smaller Brazil Sugar Output Bullish

Sugar Prices Supported by a Surge in Gasoline Prices Yahoo Finance · May 06, 2026 Mixed Sugar Prices Sharply Higher as Gasoline Surges Yahoo Finance · May 01, 2026 Mixed Sugar Prices Climb on Strength in Gasoline and Smaller Brazil Sugar Output Yahoo Finance · Apr 30, 2026 Bearish

🤖 AI Overview

What happened: Sugar prices surged on Tuesday and Wednesday, with May NY world sugar #11 (SBK26) reaching a 3-week high of +0.61 (+4.32%) and +0.28 (+2.02%) respectively, while Aug London ICE white sugar #5 (SWQ26) hit a 4-week high of +11.90 (+2.75%) and +5.90 (+1.38%). This rally was driven by strength in gasoline prices, with gasoline (RBM26) touching a 3.75-year high.

Market impact: The sugar industry is affected, with producers and traders benefiting from higher prices. This strength is attributed to the positive correlation between gasoline and sugar prices, as gasoline is a key feedstock for sugar production. The rally also reflects smaller Brazil sugar output, a major global producer.

What to watch next: Investors should monitor the following catalysts: (1) the May 20, 2026, contract expiration for May NY world sugar #11 (SBK26), which could bring volatility; (2) Brazil's sugar production data, scheduled for release in the coming weeks, which may impact supply dynamics; and (3) gasoline price movements, as continued strength could further boost sugar prices.

AI Overview as of May 01, 2026

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Last UpdatedApr 30, 2026

Sugar prices rise due to gasoline strength

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