Yesterday’s closing dated – 03/02/2025
◾London White Sugar #5 (SWH25) – 514.10s (-5.40)
◾NYBOT Raw Sugar #11 (SBH25) – 19.26s (-0.09)
◾USD/BRL- 5.8066 (-0.0344)
◾USD/INR – ₹87.035 (+0.075)
◾Corn (ZCH25) – 491-0 +2-2
◾Ethanol Chicago $/gal – 1.75000s (+0.01250)
◾Brent Crude – $75.96 /bbl (+0.29)
◾BSE Sensex – 77186.74 -319.22
◾NIFTY50 – 23361.05 (-121.10)
March NY world sugar #11 (SBH25) Monday closed down -0.09 (-0.47%), and March London ICE white sugar #5 (SWH25) closed down -5.40 (-1.04%).
Sugar prices on Monday settled moderately lower and were under pressure due to the rally in the dollar index (DXY00) to a 3-week high.
Sugar prices are in a 4-month-long downtrend. On January 21, NY sugar posted a 5-1/2 month nearest-futures low, and London sugar posted a 3-1/2 year low.
