Yesterday’s closing dated – 04/06/2025
◾London White Sugar #5 (SWQ25) – 468.10s (-5.60)
◾NYBOT Raw Sugar #11 (SBN25) – 16.75s (-0.15)
◾USD/BRL- 5.6368 (-0.0025)
◾USD/INR – 85.726 (-0.121)
◾Corn (ZCN25) – 440-2 (+1-4)
◾Ethanol Chicago $/gal – 1.68250s (-0.02250)
◾Brent Crude – $64.86/bbl (-0.77)
◾BSE Sensex – 80998.25 (+260.74)
◾NIFTY50 – 24620.20 (+77.70)
July NY world sugar #11 (SBN25) Wednesday closed down -0.15 (-0.89%), and August London ICE white sugar #5 (SWQ25) closed down -5.60 (-1.186%).
Sugar prices settled lower on Wednesday but remained above Tuesday’s significant lows. NY sugar sank to a 3-3/4 year nearest-futures low on Tuesday, and London sugar fell to a 4-1/2 month low on the outlook for higher sugar production in India, the world’s second-largest producer. On Monday, India’s National Federation of Cooperative Sugar Factories projected India’s 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage.
