Global sugar prices are projected to experience a significant decline, with the World Bank forecasting a 15% drop per pound between 2025 and 2026. Last year, the global price of sugar stood at approximately $0.20 per pound, but by 2026, it is expected to fall to around $0.17 per pound. This downward trend is supported by data from the Food and Agriculture Organization (FAO), which reported that sugar prices in September 2023 hit their lowest point in four years. The FAO Sugar Price Index averaged 99.4 points in September, marking a 4.1% decline from August and a substantial 21.3% drop compared to the previous year. This represents the lowest level since March 2021. The price decline is attributed to higher-than-expected sugar production in Brazil, driven by increased sugarcane crushing and greater allocation of sugarcane for sugar production in key southern regions. Additionally, favourable harvest prospects in India and Thailand, supported by ample monsoon rains and expanded plantings, have further pressured prices. Global benchmarks continue to soften as supply expectations grow. The FAO’s September update confirmed sugar prices at a four-year low, aligning with a broader easing of the Food Price Index. Futures markets have mirrored this trend, with New York No.11 and London No.5 contracts hitting multi-year lows in early November after Brazil’s crop agency (Conab) raised its 2025/26 sugar output estimate to 45 million metric tons. This reinforces expectations of ample export supply. In Belize, where cane farmers’ revenues are tied to international sugar prices, sustained global softness could lead to tighter payments over the crop year. However, domestic policies are being adjusted to stabilize the sector. Authorities are reviewing regulated prices for plantation white and brown sugar and considering removing price controls on retail-packaged sugar. These measures aim to protect farmers from rising input costs, climate-related losses, and disease pressures.