Yesterday’s closing dated – 28/02/2025
◾London White Sugar #5 (SWK25) – 532.60s (-7.10)
◾NYBOT Raw Sugar #11 (SBK25) – 18.52s (-0.37)
◾USD/BRL- 5.8852 (+0.0451)
◾USD/INR – ₹87.466 (+0.136)
◾Corn (ZCH25) – 453-4s -11-2
◾Ethanol Chicago $/gal – 1.67750s (-0.01500)
◾Brent Crude – $73.18 /bbl (-0.86)
◾BSE Sensex – 73198.10 (-1414.33
◾NIFTY50 – 22124.70 (-420.35)
May NY world sugar #11 (SBK25) Friday closed down -0.37 (-1.96%), and May London ICE white sugar #5 (SWK25) closed down -7.10 (-1.32%).
Sugar prices Friday retreated for a third day and posted 2-week lows due to weakness in the Brazilian real (^USDBRL). The real tumbled to a 1-month low against the dollar Friday, encouraging export selling by Brazil’s sugar producers and prompting long liquidation in sugar futures.
