New Delhi, March 14 -- The prices of sugar globally have declined sharply amid surplus supply from Brazil, even as the outlook for the Indian sugar sector remains stable, according to a report by ICRA Limited.

The report noted that international sugar prices in SY2026 have remained lower than the current cost of sugar production and prevailing domestic prices, mainly due to surplus sugar supply from Brazil.

It stated, "Global sugar prices fall sharply due to Brazil surplus."

Reflecting the oversupply in the global market, the report stated that the raw sugar prices fell to USD 313 per metric tonne in February 2026 from USD 445 per metric tonne in February 2025. Similarly, white sugar prices declined to USD 408 per metric tonne from USD...