Yesterday’s closing dated – 28/05/2025
◾London White Sugar #5 (SWQ25) – 471.40s (-11.20)
◾NYBOT Raw Sugar #11 (SBN25) – 16.90s (-0.32)
◾USD/BRL- 5.6890 (+0.0466)
◾USD/INR – 85.467 (+0.081)
◾Corn (ZCN25) – 450-4 -0-4)
◾Ethanol Chicago $/gal – 1.73500s (-0.00750)
◾Brent Crude – $64.90//bbl (+0.81)
◾BSE Sensex – 81312.32 (-239.31)
◾NIFTY50 – 24,752.45 (-73.75)
July NY world sugar #11 (SBN25) Wednesday closed down -0.32 (-1.86%), and August London ICE white sugar #5 (SWQ25) closed down -11.20 (-2.32%).
Sugar prices sold off on Wednesday, with NY sugar falling to a 3-3/4 year nearest-futures low and London sugar falling to a 4-1/4 month low. Over the past two weeks, expectations for a global sugar surplus have hammered prices. Last Thursday, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% year-over-year (y/y) to a record 189.318 million metric tons (MMT), with a global sugar surplus of 41.188 MMT, up 7.5% year-over-year.
