Sugar prices in the global market may decline in the 2025–26 season due to expected production increases in India and Brazil. BMI forecasts a 26.3% rise in Indian output, while Brazil may boost production by shifting from ethanol to sugar due to lower oil prices. Although production in Brazil and Thailand may slightly dip from earlier estimates, overall supply is set to grow. Falling prices have already been observed in global markets, with traders selling more in anticipation of further declines.