Yesterday’s closing dated – 06/06/2025
◾London White Sugar #5 (SWQ25) – 465.20s (+1.90)
◾NYBOT Raw Sugar #11 (SBN25) – 16.49s (-0.08)
◾USD/BRL- 5.5594 (-0.0299)
◾USD/INR – 85.786 (-0.049)
◾Corn (ZCN25) – 442-4s (+3-0)
◾Ethanol Chicago $/gal – 1.67500s (+0.00750)
◾Brent Crude – $66.47/bbl (+1.13)
◾BSE Sensex – 82,188.99 (+746.95)
◾NIFTY50 – 25,003.05 (+252.15)
July NY world sugar #11 (SBN25) Friday closed down -0.08 (-0.48%), and August London ICE white sugar #5 (SWQ25) closed up +1.90 (+0.41%).
Sugar prices on Friday extended their two-month-long selloff, with NY sugar posting a nearly 4-year nearest-futures low and London sugar posting a 3-3/4 year low. Expectations for a global sugar surplus are hammering prices. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year.
