Yesterday’s closing dated – 23/05/2025
◾London White Sugar #5 (SWQ25) – 483.60s (-4.50)
◾NYBOT Raw Sugar #11 (SBN25) – 17.29s (-0.11)
◾USD/BRL- 5.6468 (-0.0692)
◾USD/INR – 85.200 (-0.795)
◾Corn (ZCN25) – 459-4s (-3-4)
◾Ethanol Chicago $/gal – 1.73750s (-0.00250)
◾Brent Crude – $64.78/bbl (+0.34)
◾BSE Sensex – 81,721.08 (+769.09)
◾NIFTY50 – 24,853.15 (+243.45)
July NY world sugar #11 (SBN25) Friday closed down -0.11 (-0.63%), and August London ICE white sugar #5 (SWQ25) closed down -4.50 (-0.92%).
Sugar prices on Friday extended this week’s sell-off, with NY sugar posting a 2-week low and London sugar posting a 4-month low. Over the past week, expectations for a global sugar surplus have hammered prices. On Thursday, the USDA, in its bi-annual report, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT with a global sugar surplus of 41.188 MMT, up +7.5% y/y.
