Morning Market Update – 09/10/2025

Yesterday’s closing dated – 08/10/2025

◾London White Sugar #5 (SWZ25) – 450.70s (-7.30)

◾NYBOT Raw Sugar #11 (SBH26) – 16.29s (-0.34)

◾USD/BRL- 5.3431 (-0.0080)

◾USD/INR – 88.745 (+0.005)

◾Corn (ZCZ25) – 422-0 (unch)

◾Ethanol Chicago $/gal – 1.78000s (-0.07750)

◾Brent Crude – $66.25/bbl (+0.80)

◾BSE Sensex – 81773.66 (-153.09)

◾NIFTY50 – 25046.15 (-62.15)

On Wednesday, March NY world sugar #11 (SBH26) dropped by -0.34 (-2.04%), while December London ICE white sugar #5 (SWZ25) declined by -7.30 (-1.59%).

Sugar prices experienced a significant decline for the second consecutive day, with London sugar reaching a two-week low. The downward movement in prices is attributed to a negative carryover from Tuesday, when Covrig Analytics forecasted a global sugar surplus of 4.1 million metric tons (MMT) for the 2025/26 season.

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