Yesterday’s closing dated – 05/09/2025
◾London White Sugar #5 (SWV25) – 478.50s (-3.70)
◾NYBOT Raw Sugar #11 (SBV25) – 15.55s (-0.14)
◾USD/BRL- 5.4134 (-0.0328)
◾USD/INR – 88.187 (-0.006)
◾Corn (ZCU25) – 399-0s (-0-6)
◾Ethanol Chicago $/gal – 2.025 (-0.008)
◾Brent Crude – $65.50/bbl (+1.49)
◾BSE Sensex – 80710.76 (-7.25)
◾NIFTY50 – 24741.00 (+6.70)
On Friday, October raw sugar futures (NY world sugar #11, SBV25) dropped by 0.14 cents, or 0.89%, while October white sugar futures (London ICE sugar #5, SWV25) declined by $3.70, or 0.77%.
The decline extended losses seen earlier in the week, with New York sugar falling to a two-month low and London sugar reaching its lowest level in two weeks. The downward pressure on prices was largely driven by expectations of increased sugar production in Brazil.
According to data released last Friday by Unica, sugar production in Brazil’s Center-South region rose by 16% year-over-year in the first half of August, totaling 3.615 million metric tons. Additionally, the share of sugarcane crushed for sugar increased to 55.00%, up from 49.15% during the same period last year.
