Yesterday’s closing dated – 15/01/2025
◾London White Sugar #5 (SWH25) – 472.50s (-8.70)
◾NYBOT Raw Sugar #11 (SBH25) – 18.01s (-0.31)
◾USD/BRL- 6.0098 (0.0000)
◾USD/INR – ₹ 86.355 (-0.170)
◾Corn (ZCH25) – 478-0 -0-6
◾Ethanol Chicago $/gal – 1.68500s (+0.01000)
◾Brent Crude – $82.03/bbl (+2.11)
◾BSE Sensex – 76724.08 (+224.45)
◾NIFTY50 – 23213.20 (+37.15)
March NY world sugar #11 (SBH25) Wednesday closed down -0.31 (-1.69%), and March London ICE white sugar #5 (SWH25) closed down -8.70 (-1.81%).
Sugar prices Wednesday extended their 3-month prolonged selloff, with NY sugar posting a 4-3/4 month nearest-futures low and London sugar posting a 3-1/3 year low.
As per the reports, restrictions on sugar exports may be relaxed soon in India. Approval for the export of 10 lakh tonnes of sugar is likely.
