Yesterday’s closing dated – 24/01/2025
◾London White Sugar #5 (SWH25) – 498.20s (+11.30)
◾NYBOT Raw Sugar #11 (SBH25) – 19.02s (+0.33)
◾USD/BRL- 5.9109 (0.0000)
◾USD/INR – ₹86.1900 (-0.2586)
◾Corn (ZCH25) – 486-4s (-3-2)
◾Ethanol Chicago $/gal – 1.67500s (unch)
◾Brent Crude – $78.50 /bbl (+0.21)
◾BSE Sensex – 76190.46 (-329.92)
◾NIFTY50 – 23092.20 (-113.15(
March NY world sugar #11 (SBH25) Friday closed up +0.33 (+1.77%), and March London ICE white sugar #5 (SWH25) closed up +11.30 (+2.32%).
Sugar prices rallied for a third day on Friday and posted 1-1/2 week highs. Over the past three sessions, strength in the Brazilian real (^USDBRL) has prompted fund short covering in sugar futures. The real climbed to a 1-3/4 month high Friday, discouraging export selling from Brazil’s sugar producers.
