Morning Market Update – 15/03/2025

Yesterday’s closing dated – 14/03/2025

◾London White Sugar #5 (SWK25) – 541.50s (+2.80)

◾NYBOT Raw Sugar #11 (SBK25) – 19.19s (-0.06)

◾USD/BRL- 5.7385 (-0.0605)

◾USD/INR – ₹86.941 (+0.044)

◾Corn (ZCH25) – 445-4s -8-0

◾Ethanol Chicago $/gal – 1.74000s (-0.00500)

◾Brent Crude – $67.18 /bbl (+0.63)

◾BSE Sensex – 73828.91 (-200.85)

◾NIFTY50 – 22397.20 (-73.30)

May NY world sugar #11 (SBK25) Friday closed down -0.06 (-0.31%), and May London ICE white sugar #5 (SWK25) closed up +2.80 (+0.52%).

NY sugar prices Friday fell from 2-week highs and turned lower on forecasts for rain in Brazil next week. Somar Meteorologia forecasted widespread showers next week in Brazil, which would ease dryness concerns and support sugarcane yields.

 

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