Yesterday’s closing dated – 20/06/2025
◾London White Sugar #5 (SWQ25) – 475.10s (-7.30)
◾NYBOT Raw Sugar #11 (SBN25) – 16.10s (+0.22)
◾USD/BRL- 5.5132 (+0.0216)
◾USD/INR – 86.580 (-0.260)
◾Corn (ZCN25) – 428-6s -4-6
◾Ethanol Chicago $/gal – 1.65750s (-0.00250)
◾Brent Crude – $77.01/bbl (-1.84)
◾BSE Sensex – 82,408.17 (+1,046.30)
◾NIFTY50 – 25,112.40 (+319.15)
July NY world sugar #11 (SBN25) Friday closed up +0.22 (+1.39%), and August London ICE white sugar #5 (SWQ25) closed down -7.30 (-1.51%).
Sugar prices on Friday settled mixed. Short covering emerged in sugar futures on Friday after Pakistan’s government announced plans to import sugar. The dollar’s weakness (DXY00) on Friday also prompted some short covering in sugar futures.
Sugar prices have fallen over the past 3-months and posted 4-year nearest-futures lows on Wednesday due to expectations of a global sugar surplus. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year.
