Yesterday’s closing dated – 04/12/2025
◾London White Sugar #5 (SWH26) – 425.20s (-1.00)
◾NYBOT Raw Sugar #11 (SBH26) – 14.88s (-0.05)
◾USD/BRL- 5.3097 (+0.0018)
◾USD/INR – 89.927 (+0.119)
◾Corn (ZCZ25) – 437-2s +5-6
◾Ethanol Chicago $/gal – 1.57000s (-0.01000)
◾Brent Crude – $63.26/bbl (+0.59)
◾BSE Sensex – 85,265.32 (+158.51)
◾NIFTY50 – 26,033.75 (+47.75)
March NY world sugar #11 (SBH26) on Thursday closed down -0.05 (-0.33%), and March London ICE white sugar #5 (SWH26) closed down -1.00 (-0.23%).
Sugar prices finished lower on Thursday, consolidating this week’s losses. On Monday, sugar prices fell sharply to 1.5-week lows amid India’s ramped-up sugar production. The Indian Sugar & Bio-energy Manufacturers Association (ISMA) reported Monday that Indian sugar production from Oct-Nov jumped +43% y/y to 4.11 MMT. The ISMA also reported that 428 sugar mills in India were crushing cane as of November 30, up from 376 a year ago.
