Yesterday’s closing dated – 22/04/2025
◾London White Sugar #5 (SWQ25) – 505.80s (+6.90)
◾NYBOT Raw Sugar #11 (SBK25) – 17.99s (+0.18)
◾USD/BRL- 5.7285 (-0.0782)
◾USD/INR – ₹85.429 (+0.049)
◾Corn – 475-6s -6-0
◾Ethanol Chicago $/gal – 1.76750 (-0.00750)
◾Brent Crude – $67.44 /bbl (+1.18)
◾BSE Sensex – 79595.59 (+187.09)
◾NIFTY50 – 24167.25 (+41.70)
May NY world sugar #11 (SBK25) Tuesday closed up +0.18 (+1.01%), and August London ICE white sugar #5 (SWQ25) closed up +6.90 (+1.38%).
Sugar prices on Tuesday recovered from early losses and pushed higher, with London sugar posting a 1-week high. Short covering emerged in sugar futures Tuesday after the Brazilian real (^USDBRL) rallied to a 2-week high against the dollar. The stronger real discourages export selling from Brazil’s sugar producers.
