Yesterday’s closing dated – 24/07/2025
◾London White Sugar #5 (SWV25) – 480.20s (+8.80)
◾NYBOT Raw Sugar #11 (SBV25) – 16.57s (+0.33)
◾USD/BRL- 5.5215 (+0.0003)
◾USD/INR – 86.481 (+0.111)
◾Corn (ZCN25) – 412-6s (+9-6)
◾Ethanol Chicago $/gal – 1.77000s (+0.00500)
◾Brent Crude – $69.18/bbl (+0.67)
◾BSE Sensex – 82184.17 (-542.47)
◾NIFTY50 – 25062.10 (-157.80)
October NY world sugar #11 (SBV25) on Thursday closed up +0.33 (+2.03%), and October London ICE white sugar #5 (SWV25) closed up +8.80 (+1.87%).
Sugar prices rallied sharply on Thursday due to speculation that the recent slide in sugar prices to 4-year lows has sparked a pickup in demand. China’s June sugar imports soared by 1,435% to 420,000 MT. Also, President Trump last Wednesday said Coca-Cola agreed to use cane sugar in Coke beverages sold in the US instead of high-fructose corn syrup, which could boost US sugar consumption by +4.4% to 11.5 MMT from 11 MMT currently, according to Bloomberg Intelligence.
[…] Source : Chinimandi […]