Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Sugar Prices Fall on Crude Oil Price Drop

Guavy AI Editorial Team
Instruments
Oil
Share

Sugar prices declined on Friday due to a drop in crude oil prices. WTI crude oil fell by more than -2% following Thursday's surge to a 3.5-month high.

This decrease in crude oil prices had a ripple effect, causing ethanol prices to fall as well. As a result, the world's sugar mills may divert less cane crushing to ethanol production and more to sugar, leading to an increase in sugar supplies.

The decline in sugar prices was also influenced by Monday's projection from the Thai Sugar Millers Corp that 2026/27 Thailand sugar production could fall -17% y/y to 10 MMT. This is significant because Thailand is the world's second-largest sugar exporter.

More on Commodities

Commodities 3m ago

Europe Sets Record for Spending on Russian LNG Amid Energy Market Shifts

Commodities 6m ago

Arab Nations Condemn Attack on Saudi Oil Pipeline

Commodities 6m ago

Saudi Oil Pipeline Attacked by Iran-Backed Militias

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy