Yesterday’s closing dated – 19/05/2025
◾London White Sugar #5 (SWQ25) – 489.50s (-0.60)
◾NYBOT Raw Sugar #11 (SBN25) – 17.45s (-0.07)
◾USD/BRL- 5.6516 (-0.0117)
◾USD/INR – 85.384 (+0.004)
◾Corn – 445-2 -2-2
◾Ethanol Chicago $/gal – 1.72750s (-0.00250)
◾Brent Crude – $65.54/bbl (+0.13)
◾BSE Sensex – 82059.42 (-271.17)
◾NIFTY50 – 24945.45 (-74.35)
July NY world sugar #11 (SBN25) Monday closed down -0.07 (-0.40%), and August London ICE white sugar #5 (SWQ25) closed down -0.60 (-0.12%).
Sugar prices on Monday gave up an early advance and closed lower, with NY sugar falling to a 1-week low. Expectations for a global sugar surplus have weighed on sugar prices over the past week. Last 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.
