Yesterday’s closing dated – 10/01/2025
◾London White Sugar #5 (SWH25) – 503.50s (+1.90)
◾NYBOT Raw Sugar #11 (SBH25) – 19.22s (+0.12)
◾USD/BRL- 6.1053 (+0.0681)
◾USD/INR – ₹ 86.165 0.000
◾Corn (ZCH25) – 470-4s (+14-4)
◾Ethanol Chicago $/gal – 1.65750s (+0.04000)
◾Brent Crude – $79.76/bbl (+2.84)
◾BSE Sensex – 77378.91 (-241.30)
◾NIFTY50 – 23431.50 (-95.00)
March NY world sugar #11 (SBH25) Friday closed up +0.12 (+0.63%), and March London ICE white sugar #5 (SWH25) closed up +1.90 (+0.38%).
Sugar prices Friday posted moderate gains. Short covering emerged in sugar futures Friday after WTI crude oil prices (CLG25) jumped more than +3% to a 3-month high. Stronger crude prices benefit ethanol prices and could prompt sugar mills to divert more cane crushing to ethanol production rather than sugar, thus curbing sugar supplies.
