Yesterday’s closing dated – 14/05/2025
◾London White Sugar #5 (SWQ25) – 503.90s (-5.90)
◾NYBOT Raw Sugar #11 (SBN25) – 18.06s (-0.16)
◾USD/BRL- 5.6384 (+0.0299)
◾USD/INR – 85.601 (+0.221)
◾Corn – 445-4 (unch)
◾Ethanol Chicago $/gal – 1.70500s (-0.00250)
◾Brent Crude – $66.09/bbl (+0.54)
◾BSE Sensex – 81330.56 (+182.34)
◾NIFTY50 – 24666.90 (+88.55)
July NY world sugar #11 (SBN25) Wednesday closed down -0.16 (-0.88%), and August London ICE white sugar #5 (SWQ25) closed down -5.90 (-1.16%).
Sugar prices were under pressure Wednesday and settled lower on expectations for a global sugar surplus. Consultant Datagro said Wednesday that it projects a 2025/26 global sugar surplus of +1.53 MMT, recovering sharply from a 2024/25 global sugar deficit of -4.67 MMT.
