Yesterday’s closing dated – 11/04/2025
◾London White Sugar #5 (SWK25) – 523.00s (-0.90)
◾NYBOT Raw Sugar #11 (SBK25) – 18.00s (-0.12)
◾USD/BRL- 5.8648 (-0.0208)
◾USD/INR – ₹86.190 (0.000)
◾Corn – 490-2s +7-2
◾Ethanol Chicago $/gal – 1.79500s (+0.01500)
◾Brent Crude – $64.76 /bbl (+1.43)
◾BSE Sensex – 75157.26 (+1310.00)
◾NIFTY50 – 22828.55 (+429.40)
On Friday, May NY world sugar #11 (SBK25) fell by -0.12 (-0.66%), while May London ICE white sugar #5 (SWK25) declined by -0.90 (-0.17%).
Sugar prices, which started the day with gains, reversed course and closed moderately lower due to demand concerns. Earlier in the week, NY sugar hit a five-week low, and London sugar reached a two-month low, driven by fears that escalating global trade tensions and rising tariffs would weaken sugar demand by increasing prices for consumers. On Friday, China raised tariffs on all U.S. goods to 125% from 84%, retaliating against the U.S.’s move to hike tariffs on Chinese imports to 145%. Although sugar prices initially rose Friday following the U.S. dollar index (DXY00) dropping to a three-year low — a move that typically supports commodity prices — they eventually lost ground.
