Yesterday’s closing dated – 25/11/2024
◾London White Sugar #5 (SWH25) – 545.60s (-8.00)
◾NYBOT Raw Sugar #11 (SBH25) – 21.15s (-0.21)
◾USD/BRL- 5.7983 (-0.0004)
◾USD/INR – ₹ 84.276 (-0.161)
◾Corn (ZCZ24) – c/lb 423-4 -1-2
◾Ethanol Chicago $/gal – 1.62000s (unch)
◾Brent Crude – $73.01 /bbl (-2.16)
◾BSE Sensex – 80109.85 +992.74
◾NIFTY50 – 24221.90 (+314.65)
March NY world sugar #11 (SBH25) Monday closed down -0.21 (-0.98%), and March London ICE white sugar #5 (SWH25) closed down -8.00 (-1.45%).
Sugar prices dropped to 1-week lows Monday and settled moderately lower. An easing of sugar supply concerns weighs on prices after the International Sugar Organization (ISO) last Thursday lowered its 2024/25 global sugar deficit forecast to -2.51 MMT from an August forecast of -3.58 MMT. The ISO also raised its 2023/24 global sugar surplus estimate to 1.31 MMT from an August projection of +200,000 MT.
