Yesterday’s closing dated – 16/05/2025
◾London White Sugar #5 (SWQ25) – 490.10s (-2.90)
◾NYBOT Raw Sugar #11 (SBN25) – 17.52s (-0.15)
◾USD/BRL- 5.6633 (-0.0188)
◾USD/INR – 85.500 (-0.046)
◾Corn – 443-4s (-5-0)
◾Ethanol Chicago $/gal – 1.73000s (+0.01000)
◾Brent Crude – $65.41/bbl (+0.88)
◾BSE Sensex – 82330.59 (-200.15)
◾NIFTY50 – 25019.80 (-42.30)
July NY world sugar #11 (SBN25) Friday closed down -0.15 (-0.85%), and August London ICE white sugar #5 (SWQ25) closed down -2.90 (-0.59%).
Sugar prices on Friday tumbled to 1-week lows on expectations for a global sugar surplus. On Wednesday, consultant Datagro projected a 2025/26 global sugar surplus of +1.53 MMT, recovering sharply from a 2024/25 global sugar deficit of -4.67 MMT. Meanwhile, StoneX projects a 2025/26 global sugar surplus of +3.74 MMT.
