Yesterday’s closing dated – 02/06/2025
◾London White Sugar #5 (SWQ25) – 470.90s (-5.20)
◾NYBOT Raw Sugar #11 (SBN25) – 16.88s (-0.17)
◾USD/BRL- 5.6734 (-0.0493)
◾USD/INR – 85.422 (+0.096)
◾Corn (ZCN25) – 435-4 (-2-6)
◾Ethanol Chicago $/gal – 1.73500s (-0.01250)
◾Brent Crude – $64.63/bbl (+1.85)
◾BSE Sensex – 81373.75 (-77.26)
◾NIFTY50 – 24716.60 (-34.10)
July NY world sugar #11 (SBN25) Monday closed down -0.17 (-1.00%), and August London ICE white sugar #5 (SWQ25) closed down -5.20 (-1.09%).
Sugar prices on Monday moved lower due to the outlook for higher sugar production in India, the world’s second-largest producer. On Monday, India’s National Federation of Cooperative Sugar Factories forecast today that India’s 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage.
