Yesterday’s closing dated – 09/09/2025
◾London White Sugar #5 (SWV25) – 483.30s (+3.60)
◾NYBOT Raw Sugar #11 (SBV25) – 15.84s (+0.21)
◾USD/BRL- 5.4398 (+0.0202)
◾USD/INR – 88.150 (-0.069)
◾Corn (ZCU25) – 401-2s -1-6
◾Ethanol Chicago $/gal – 1.99000s (-0.03000)
◾Brent Crude – $66.39/bbl (+0.37)
◾BSE Sensex – 81101.32 (+314.02)
◾NIFTY50 – 24868.60 (+95.45)
Sugar futures saw gains on Tuesday, with October NY World Sugar #11 (SBV25) closing up +0.21 (+1.34%) and October London ICE White Sugar #5 (SWV25) rising +3.60 (+0.75%).
The increase in sugar prices followed a nearly +1% rally in WTI crude oil (CLV25), which prompted short covering in the sugar market. Higher crude oil prices tend to boost ethanol prices, potentially encouraging global sugar mills to shift more of their cane crushing towards ethanol production rather than sugar. This shift could result in a reduction of sugar supplies, further supporting price increases.
