Yesterday’s closing dated – 27/02/2025
◾London White Sugar #5 (SWK25) – 539.70s (-15.00)
◾NYBOT Raw Sugar #11 (SBK25) – 18.89s (-0.70)
◾USD/BRL- 5.8401 (+0.0366)
◾USD/INR – ₹87.333 (+0.003)
◾Corn (ZCH25) – 466-6 +2-0
◾Ethanol Chicago $/gal – 1.75250s (+0.00250)
◾Brent Crude – $74.04 /bbl (+1.51)
◾BSE Sensex – 74612.43 +10.31
◾NIFTY50 – 22545.05 (-2.50)
May NY world sugar #11 (SBK25) Thursday closed down -0.70 (-3.57%), and May London ICE white sugar #5 (SWK25) closed down -15.00 (-2.70%).
Sugar prices Thursday sold off to 1-1/2 week lows after the Brazilian real (^USDBRL) sank to a 3-week low against the dollar. The weaker real encourages export selling by Brazil’s sugar producers, prompting long liquidation in sugar futures.
