Yesterday’s closing dated – 25/02/2025
◾London White Sugar #5 (SWK25) – 563.80s (+9.10)
◾NYBOT Raw Sugar #11 (SBK25) – 19.97s (+0.40)
◾USD/BRL- 5.7396 (-0.0389)
◾USD/INR – ₹87.164 (+0.034)
◾Corn (ZCH25) – 480-2 +0-4
◾Ethanol Chicago $/gal – 1.76500s (-0.04250)
◾Brent Crude – $73.02 /bbl (-1.76)
◾BSE Sensex – 74602.12 +147.71
◾NIFTY50 – 2547.55 (-5.80)
May NY world sugar #11 (SBK25) on Tuesday closed up +0.40 (+2.04%), and May London ICE white sugar #5 (SWK25) closed up +9.10 (+1.64%).
May NY sugar prices on Tuesday edged to a new 2-1/2 month high, extending the sharp rally seen since mid-January.
The rally in the Brazilian real (^USDBRL) seen from mid-December through mid-February has discouraged export selling from Brazil’s sugar producers and is bullish for sugar prices.
