Morning Market Update – 28/01/2025

 

Yesterday’s closing dated – 27/01/2025

◾London White Sugar #5 (SWH25) – 507.00s (+8.80)

◾NYBOT Raw Sugar #11 (SBH25) – 19.17s (+0.15)

◾USD/BRL- 5.8926 (-0.0183)

◾USD/INR – ₹86.463 (+0.113)

◾Corn (ZCH25) – 482-6 (+0-6)

◾Ethanol Chicago $/gal – 1.67250s (-0.00250)

◾Brent Crude – $77.08 /bbl (-1.42)

◾BSE Sensex – 75366.17 (-824.29)

◾NIFTY50 – 22829.15 (-263.05)

 

March NY world sugar #11 (SBH25) Monday closed up +0.15 (+0.79%), and March London ICE white sugar #5 (SWH25) closed up +8.80 (+1.77%).

Sugar prices Monday settled higher for a fourth consecutive session and posted 2-1/2 week highs. Monday’s slump in the dollar index (DXY00) to a 5-week low fueled fund short covering in sugar futures.

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