Yesterday’s closing dated – 03/03/2025
◾London White Sugar #5 (SWK25) – 524.80s (-7.80)
◾NYBOT Raw Sugar #11 (SBK25) – 18.22s (-0.30)
◾USD/BRL- 5.8852 (0.0000)
◾USD/INR – ₹87.360 (+0.100)
◾Corn (ZCH25) – 437-6 -2-4
◾Ethanol Chicago $/gal – 1.64000s (-0.03750)
◾Brent Crude – $71.62 /bbl (-1.19)
◾BSE Sensex – 73,085.94 (-112.16)
◾NIFTY50 – 22,119.30 (-5.40
May NY world sugar #11 (SBK25) Monday closed down -0.30 (-1.62%), and May London ICE white sugar #5 (SWK25) closed down -7.80 (-1.46%).
Sugar prices Monday extended their week-long slide to 2-1/2 week lows. Demand concerns are weighing on sugar prices after sugar traders Wilmar International Ltd and Sucres et Denrees SA took record delivery of 1.7 MMT of raw sugar against the March NY futures contract that expired last Friday. Large deliveries are typically considered bearish for prices, indicating that sellers have few other markets to sell to.
