Yesterday’s closing dated – 24/03/2025
◾London White Sugar #5 (SWK25) – 542.40s (-10.00)
◾NYBOT Raw Sugar #11 (SBK25) – 19.26s (-0.46)
◾USD/BRL- 5.7646 (+0.0355)
◾USD/INR – ₹85.624 (+0.064)
◾Corn (ZCH25) – 445-4s -8-0
◾Ethanol Chicago $/gal – 1.79750s (-0.00500)
◾Brent Crude – $73.00 /bbl (+0.84)
◾BSE Sensex – 77,984 (+1,078)
◾NIFTY50 – 23,658 (+307)
May NY world sugar #11 (SBK25) Monday closed down -0.46 (-2.33%), and May London ICE white sugar #5 (SWK25) closed down -10.00 (-1.81%).
Sugar prices Monday dropped to 1-week lows and settled moderately lower after the dollar index (DXY00) rallied to a 2-week high, which prompted long liquidation in sugar futures. Sugar prices have rallied over the past two weeks, with NY sugar posting a 1-month high last Tuesday and London sugar posting a 3-3/4 month high on signs of lower global sugar production.
