Global sugar markets are turning bullish as strong demand from Asia and the Middle East tightens supplies, even with record output from Brazil. Claudiu Covrig of Covrig Analytics told CNBC-TV18 that India will be the “swing factor” in 2026. “Indian sugar is needed in Q1. If it does not come, the white sugar market will go through the roof by the end of Q1,” he warned, adding that New Delhi’s ethanol diversion policy and export stance will be crucial in shaping prices.
