Yesterday’s closing dated – 22/05/2025
◾London White Sugar #5 (SWQ25) – 488.10s (-9.60)
◾NYBOT Raw Sugar #11 (SBN25) – 17.40s (-0.30)
◾USD/BRL- 5.7160 (+0.0702)
◾USD/INR – 85.813 (-0.154)
◾Corn (ZCN25) – 463-0 (unch)
◾Ethanol Chicago $/gal – 1.74000s (-0.00500)
◾Brent Crude – $64.44/bbl (-0.47)
◾BSE Sensex – 80951.99 (-644.64)
◾NIFTY50 – 24609.70 (-203.75)
On Thursday, July NY world sugar #11 (SBN25) fell by -0.30 (-1.69%), while August London ICE white sugar #5 (SWQ25) declined by -9.60 (-1.93%). Sugar prices settled lower on Thursday, consolidating just above Tuesday’s 2-week lows.
The market has been under pressure this past week due to expectations of a global sugar surplus. Last Wednesday, consultancy firm Datagro forecast a global sugar surplus of 1.53 million metric tons (MMT) for 2025/26, a sharp turnaround from the 2024/25 deficit of 4.67 MMT. Similarly, StoneX estimates a 2025/26 global surplus of 3.74 MMT.
