Yesterday’s closing dated – 26/06/2025
◾London White Sugar #5 (SWQ25) – 477.90 (-1.10)
◾NYBOT Raw Sugar #11 (SBN25) – 15.65 (-0.33)
◾USD/BRL- 5.4890 (-0.0747)
◾USD/INR – 85.550 (-0.080)
◾Corn (ZCN25) – 411-4 +2-0
◾Ethanol Chicago $/gal – 1.64500s (+0.02000)
◾Brent Crude – $67.73/bbl (+0.5)
◾BSE Sensex – 83755.87 (+1000.36)
◾NIFTY50 – 25549.00 (+304.25)
July NY world sugar #11 (SBN25) on Thursday closed down -0.33 (-2.07%), and August London ICE white sugar #5 (SWQ25) closed down -1.10 (-0.23%).
Sugar prices on Thursday extended their three-month-long selloff, with NY sugar dropping to a 4-year nearest-futures low. Sugar prices have been under pressure over the past three months due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% 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.
