Yesterday’s closing dated – 14/02/2025
◾London White Sugar #5 (SWK25) – 537.50s (+8.10)
◾NYBOT Raw Sugar #11 (SBH25) – 20.42s (+0.25)
◾USD/BRL- 5.7042 (-0.0627)
◾USD/INR – ₹86.620 (-0.070)
◾Corn (ZCH25) – 496-2s +2-6
◾Ethanol Chicago $/gal – 1.78500s (+0.01250)
◾Brent Crude – $74.74 /bbl (+0.28)
◾BSE Sensex – 75,939.21 (-199.76)
◾NIFTY50 – 22,929.25 (-102.15)
March NY world sugar #11 (SBH25) on Friday closed up +0.25 (+1.24%), and May London ICE white sugar #5 (SWK25) closed up +8.10 (+1.53%).
Sugar prices on Friday extended this week’s rally to a new 2-month high on concern about Brazil’s sugar crop. Alvean, the world’s largest sugar trader, said on Thursday that below-average precipitation in Brazil means sugarcane is underdeveloped in some areas, and if showers remain weak, the sugar harvest that begins in April could be delayed, and sugar production would suffer.
