Morning Market Update – 22/03/2025

Yesterday’s closing dated – 21/03/2025

◾London White Sugar #5 (SWK25) – 552.40s (-11.60)

◾NYBOT Raw Sugar #11 (SBK25) – 19.72s (-0.28)

◾USD/BRL- 5.7291 (+0.0494)

◾USD/INR – ₹85.990 (-0.330)

◾Corn (ZCH25) – 445-4s -8-0

◾Ethanol Chicago $/gal – 1.80250s (-0.01500)

◾Brent Crude – $72.16 /bbl (+0.16)

◾BSE Sensex – 76905.51 +557.45

◾NIFTY50 – 23350.40 (+159.75)

May NY world sugar #11 (SBK25) Friday closed down -0.28 (-1.40%), and May London ICE white sugar #5 (SWK25) closed down -11.60 (-2.06%).

Sugar prices Friday settled moderately lower as a rally in the dollar index (DXY00) to a 2-week high sparked long liquidation in sugar futures. Sugar prices have rallied over the past two weeks, with NY sugar posting a 3-week high Tuesday and London sugar posting a 3-1/2 month high on signs of lower global sugar production.

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