Yesterday’s closing dated – 23/06/2025
◾London White Sugar #5 (SWQ25) – 467.50s (-7.60)
◾NYBOT Raw Sugar #11 (SBN25) – 16.04s (-0.06)
◾USD/BRL- 5.4965 (-0.0167)
◾USD/INR – 86.098 (-0.462)
◾Corn (ZCN25) – 418-6 -0-4
◾Ethanol Chicago $/gal – 1.65000s (-0.01000)
◾Brent Crude – $71.48/bbl (-5.53)
◾BSE Sensex – 81896.79 (-511.38)
◾NIFTY50 – 24971.90 (-140.50)
July NY world sugar #11 (SBN25) Monday closed down -0.06 (-0.37%), and August London ICE white sugar #5 (SWQ25) closed down -7.60 (-1.60%).
Sugar prices on Monday gave up an early advance and closed lower after a -7% plunge in crude prices (CLQ25) sparked long liquidation in sugar futures. Lower crude prices undercut ethanol prices and may prompt the world’s sugar mills to divert cane crushing toward sugar production rather than ethanol, thus boosting sugar supplies.
The West Texas Intermediate for August delivery lost 5.33 U.S. dollars, or 7.22 percent, to settle at 68.51 dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery dropped 5.53 dollars, or 7.18 percent, to settle at 71.48 dollars a barrel on the London ICE Futures Exchange.
