Sugar Prices Outlook 2025: Trends, Forecast, and Index Analysis

31-Jul-2025

The global sugar industry witnessed varied price trends across key regions due to regional supply trends, policy measures, and international trade flows, according to the IMARC Group's latest report Sugar Price Index, Trend and Forecast Data Report 2025 Edition, which provides updated insights for Q2 2025. The market experienced fluctuations due to factors such as production shifts, government interventions, climatic conditions, and logistical disruptions. Regions such as North America, Asia Pacific, and Europe played a significant role in shaping the pricing dynamics during this period.

Q2 2025 Sugar Prices:

China: USD 680/MT
India: USD 610/MT
Germany: USD 692/MT
Canada: USD 820/MT
Indonesia: USD 710/MT

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The current sugar prices reflect the material’s essential role across high-demand sectors such as food and beverage, where consistent consumption, policy shifts, and supply constraints collectively contribute to a stable or rising global price trend.

Key Regional Price Trends and Market Drivers:

China

Sugar prices in China reached USD 680/MT in June 2025. Prices declined toward the end of May due to restrained purchasing, despite a surge in domestic output and strategic imports aimed at meeting immediate demand and minimizing future import reliance.

India

India recorded a sugar price of USD 610/MT during the second quarter of 2025. The government raised both the Fair and Remunerative Price (FRP) for sugarcane and the Minimum Selling Price (MSP) for sugar, which introduced volatility. Summer-driven demand and higher temperatures also contributed to price adjustments during the period.

Germany

At USD 692/MT in June 2025, German sugar prices reflected a market pressured by increased beet processing and marginal gains in beet yields. Elevated supply combined with weak demand kept prices subdued throughout the quarter.

Canada

Canada’s sugar prices peaked at USD 820/MT in Q2 2025. The quarter was marked by price fluctuations, primarily due to high transportation costs, weather-related disruptions in key supply zones, and continued demand from food and beverage sectors. Lower-than-expected output from domestic refiners added supply-side stress.

Indonesia

Sugar prices in Indonesia reached USD 710/MT in the second quarter of 2025, maintaining a steady upward trend. Despite government efforts to curb the rise, logistical constraints and adverse weather weakened the impact. Wholesale prices climbed, with local sugar hitting a record high by late April.

Sugar Industry Overview:

The global sugar market reached a value of USD 70.64 Billion in 2024 and is projected to grow to USD 122.83 Billion by 2033, expanding at a CAGR of 6.23% during 2025-2033. The increasing demand from the food and beverage sector and steady consumption across emerging economies have significantly supported this growth trajectory.

Some of the key drivers include rising global consumption of confectionery products, rapid expansion of the processed food industry, and consistent demand from both retail and industrial end-users. Additionally, factors such as supportive government policies, rising population, and growing urbanization continue to create favorable market conditions.

Recent Market Trends and Industry Analysis:

The market is benefiting from the rising demand from the food and beverage sector, including soft drinks, confectionery, bakery products, and processed foods. Rapid urbanization, increasing disposable incomes, and changing dietary preferences, particularly in emerging economies, continue to fuel sugar consumption. Expansion by multinational food companies and the growing ready-to-eat and convenience food segments further strengthen market growth.

Government policies, including subsidies, trade restrictions, price controls, and ethanol blending mandates, play a significant role in shaping production and trade dynamics. Additionally, the expanding global confectionery and bakery industries, supported by seasonal demand and innovation in product offerings, are increasing sugar usage. Population growth and urban migration are also contributing to rising sugar demand by boosting the consumption of packaged and processed foods, ensuring sustained long-term growth for the market.

Strategic Forecasting and Analysis:

IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.

Key Features of the Report:

Price Charts and Historical Data
FOB and CIF Spot Pricing
Regional Demand-Supply Assessments
Port-Level Price Analysis
Sector-Specific Demand and Supply Insights

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