Yesterday’s closing dated – 03/01/2025
◾London White Sugar #5 (SWH25) – 514.20s (+1.20)
◾NYBOT Raw Sugar #11 (SBH25) – 19.65s (-0.08)
◾USD/BRL- 6.1798 (+0.0276)
◾USD/INR – ₹ 85.761 (-0.055)
◾Corn (ZCH25) – 450-6s -8-6
◾Ethanol Chicago $/gal – 1.65000s (-0.02750)
◾Brent Crude – $76.51/bbl (+0.58)
◾BSE Sensex – 79223.11 (-720.60)
◾NIFTY50 – 24004.75 (-183.90)
March NY world sugar #11 (SBH25) ended Friday down by -0.08 (-0.41%), while March London ICE white sugar #5 (SWH25) closed up +1.20 (+0.23%).
Sugar prices Friday settled mixed. Over the past three months, sugar prices have been trending lower. On Tuesday, NY sugar posted a 3-1/2 month nearest-futures low, and on Monday, London sugar posted a 2-3/4 year low on an improved sugar supply outlook. On November 21, the International Sugar Organization (ISO) reduced its 2024/25 global sugar deficit forecast to -2.51 MMT, compared to an August forecast of -3.58 MMT. ISO also raised its 2023/24 global sugar surplus estimate to 1.31 MMT from an August projection of +200,000 MT.
