Sugar Surges Past Stocks as El Niño Tightens Global Supply
Sugar jumped about 21% in August, its strongest monthly rise since 2010, helping it outperform the S&P 500 for 2026. The rally reflects expected declines in EU beet yields and production cuts in Brazil and India, plus India’s duty-free sugar imports; higher oil prices also boost ethanol use in Brazil, tightening sugar supply and pushing prices higher.