Yesterday’s closing dated – 25/06/2025
◾London White Sugar #5 (SWQ25) – 479.00s (+11.00)
◾NYBOT Raw Sugar #11 (SBN25) – 15.98s (+0.21)
◾USD/BRL- 5.5637 (+0.0524)
◾USD/INR – 85.881 (-0.149)
◾Corn (ZCN25) – 411-0 +0-6
◾Ethanol Chicago $/gal – 1.64500s (-0.00250)
◾Brent Crude – $67.68/bbl (+0.54)
◾BSE Sensex – 81896.79 (-511.38)
◾NIFTY50 – 24971.90 (-140.50)
July NY world sugar #11 (SBN25) Wednesday closed up +0.21 (+1.33%), and August London ICE white sugar #5 (SWQ25) closed up +11.00 (+2.35%).
Sugar prices on Wednesday recovered from early losses and moved higher after a +1% rally in WTI crude oil (CLQ25) sparked some short-covering in sugar futures. Higher crude prices benefit ethanol prices and may prompt the world’s sugar mills to divert cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
