Yesterday’s closing dated – 29/04/2025
◾London White Sugar #5 (SWQ25) – 496.80 (-8.50)
◾NYBOT Raw Sugar #11 (SBK25) – 17.62 (-0.22)
◾USD/BRL- 5.6210 (-0.0336)
◾USD/INR – 85.078 (-0.049)
◾Corn – 461-6 (+1-2)
◾Ethanol Chicago $/gal – 1.77000s (-0.00250)
◾Brent Crude – $64.25/bbl (-1.61)
◾BSE Sensex – 80288.38 (+70.01)
◾NIFTY50 – 24335.95 (+7.45)
May NY world sugar #11 (SBK25) Tuesday closed down -0.22 (-1.23%), and August London ICE white sugar #5 (SWQ25) closed down -8.50 (-1.68%).
Sugar prices on Tuesday retreated, with NY sugar posting a 2-1/2 year nearest-futures low. The outlook for higher Brazil sugar production is undercutting prices after Conab on Tuesday forecast Brazil’s 2025/26 Brazil sugar production would climb +4.0% y/y to 45.875 MMT.
