Sugar prices are correcting, reflecting a broader easing in food price pressures. The correction comes as vegetable price momentum eases and overall food inflation remains under control. This suggests near-term downward pressure on sugar prices.
Rising sugar prices, alongside crude oil and palm oil, are pressuring operating margins for FMCG companies in Q2 FY27. Despite demand recovery and price hikes, inflationary pressures from key inputs including sugar are expected to impact EBITDA margins, with companies relying on cost-saving measures to offset higher expenses.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Sugar (Retail) | China | FOB | USD 768.87/MT | August 2026 |
| Sugar (Retail) | India | CIF | USD 859.87/MT | August 2026 |
| Sugar (Retail) | Germany | CIF | USD 882.87/MT | August 2026 |
| Sugar (Retail) | Australia | CIF | USD 863.87/MT | August 2026 |
| Sugar (Retail) | Brazil | CIF | USD 910.87/MT | August 2026 |
| Sugar (Retail) | China | FOB | USD 772.00/MT | July 2026 |
| Sugar (Retail) | India | CIF | USD 878.81/MT | July 2026 |
| Sugar (Retail) | Germany | CIF | USD 905.63/MT | July 2026 |
| Sugar (Retail) | Australia | CIF | USD 870.46/MT | July 2026 |
| Sugar (Retail) | Brazil | CIF | USD 943.61/MT | July 2026 |
Stay updated with the latest Sugar (Retail) prices, historical data, and tailored regional analysis
Asia
In China, the average price of Sugar (Retail) slipped from ~USD 772.00/MT (FOB) in July to ~USD 768.87/MT in August, a decline of ~0.4%. India saw a larger fall of about 2.2%, from ~USD 878.81/MT (CIF) to ~USD 859.87/MT. Chinese retail values softened as expanding high-fructose corn syrup capacity gave food and beverage makers a cheaper alternative. In India, the government issued import permits, allowed duty-free raw sugar imports and cut sugar diverted to ethanol, which increased supply for retail markets despite record wholesale prices. However, a strengthening El Niño threatened crops in India and Thailand, keeping supply concerns alive.
Europe
In Germany, Sugar (Retail) averaged approximately USD 905.63/MT (CIF) in July and eased to about USD 882.87/MT in August, a decline of ~2.5%. Domestic EU sugar prices stayed soft, as retail contracts reflected stocks built during the earlier global surplus, with last season’s surplus still estimated at 1.1 million tonnes. However, hot, dry weather cut beet yields and pointed to a sharp drop in output, while white sugar export prices rose strongly into September, which may lift retail costs later.
North America
In Brazil, Sugar (Retail) fell about 3.5%, from ~USD 943.61/MT (CIF) in July to ~USD 910.87/MT in August, as stocks from the previous harvest kept supply comfortable, even as mills shifted more cane to ethanol and Centre-South output slowed. In the US, retail values firmed after earlier weakness, as USDA cut 2026/27 imports from Mexico to 1.188 million short tons and drought and pest damage reduced beet and cane output.
Analyst Insight
According to Procurement Resource, Sugar (Retail) prices are expected to turn firmer in the months ahead as higher raw sugar and beet costs gradually feed through, although adequate retail stocks may slow the pass-through.
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Asia
In China, Sugar (Retail) was priced at around USD 791.72/MT in May and eased to roughly USD 788.00/MT by June, a slight decline of about 0.47% across the available months of the second quarter of 2026. Chinese retail prices softened slightly as wholesale sugar costs remained broadly stable and adequate domestic availability limited replacement-cost pressure. Food processors and retailers maintained normal procurement rather than building inventories, while sufficient supply prevented demand from lifting prices. Across India, Sugar (Retail) rose from approximately USD 859.06/MT in May to about USD 875.50/MT in June, an increase of nearly 1.91% over the course of Q2 2026. India moved higher as tighter domestic availability and lower-than-previously-expected production strengthened mill pricing. USDA revised 2025/26 Indian sugar production to 30 million MT, reducing the supply cushion and supporting retail values.
Europe
In Germany, the Sugar (Retail) market was assessed at nearly USD 885.17/MT in May before climbing to around USD 909.40/MT by June, a gain of roughly 2.74% during 2026's second quarter. German retail pricing firmed despite softer underlying European sugar-market conditions. Retailers faced processing, packaging, labour and distribution costs that limited the pass-through of weaker wholesale fundamentals. Consumer demand from household use, bakery and confectionery applications remained steady, while inventory management prevented significant oversupply at the retail level.
North America
North American retail sugar conditions were mixed during Q2. U.S. consumer prices for sugar and sugar substitutes rose early in the quarter before losing momentum in May, indicating that the initial increase was not sustained. Adequate domestic availability, managed imports and softer international sugar conditions helped contain further increases, while steady bakery, beverage and confectionery consumption supported baseline demand.
Sugar is basically a soluble carbohydrate, which is widely used in food and food industry. Simple sugars, also called monosaccharides are glucose, fructose, and galactose. Retail Sugar or common sugar is sucrose, a disaccharide composed of glucose and fructose, that has been refined through further processing. It is widely utilised in prepared foods (e.g. cookies and cakes), and is also added to commercially available processed food and beverages.
Retail Sugar is further available in granulated as well as powdered form and as light brown and dark brown sugars. Further, it is mainly utilised by people as a sweetener for foods (e.g. toast and cereal) and beverages (e.g. coffee and tea) at homes.
Table Sugar, Granulated Sugar, Regular Sugar
Food and Beverages, Cooking, Cosmetics, Nutrition and Flavour
Raízen, Associated British Foods Plc, Wilmar International Ltd, Suedzucker AG, Godavari Biorefineries Ltd. (GBL)
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
This Sugar type is obtained via the refining of the raw sugar, where the first step is affination, in which the sugar crystals are immersed in a concentrated syrup that removes their sticky brown coating without dissolving them, followed by their separation from the liquor and dissolution in water.
Then, the obtained syrup is either carbonated or phosphated, and both involve the precipitation of fine solids present in the syrup, followed by their filtration, thus leaving behind impurities. After this, the resulting sugar syrup is decolourised and concentrated through boiling, which is further cooled and seeded with sugar crystals, causing the Sugar (Retail) to crystallise out.
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