Yesterday’s closing dated – 25/04/2025
◾London White Sugar #5 (SWQ25) – 514.00s (+9.50)
◾NYBOT Raw Sugar #11 (SBK25) – 18.18s (+0.26)
◾USD/BRL- 5.6833 (+0.0008)
◾USD/INR – 85.380 (+0.082)
◾Corn – 478-6s (+1-4)
◾Ethanol Chicago $/gal – 1.77000s (+0.00250)
◾Brent Crude – $66.87/bbl (+0.32)
◾BSE Sensex – 79212.53 (-588.90)
◾NIFTY50 – 24039.35 (-207.35)
May NY world sugar #11 (SBK25) Friday closed up +0.26 (+1.45%), and August London ICE white sugar #5 (SWQ25) closed up +9.50 (+1.88%).
Sugar prices on Friday rose to 2-week highs and settled moderately higher. Dry weather in Brazil may curb sugarcane yields and is boosting prices. Brazil forecaster Somar Meteorologia said the chances for rain in Brazil’s sugar-growing regions look limited into next week.
Sugar prices also have carryover support from last Thursday when the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) reported that India’s sugar production from Oct 1-Apr 15 was 25.5 MMT, down -18% from the same period last year.
