Yesterday’s closing dated – 27/12/2024
◾London White Sugar #5 (SWH25) – 508.50s (-9.90)
◾NYBOT Raw Sugar #11 (SBH25) – 19.37s (+0.11)
◾USD/BRL- 6.1964 (+0.0136)
◾USD/INR – ₹ 85.388 (+0.112)
◾Corn (ZCZ24) – c/lb 430-0s -1-6
◾Ethanol Chicago $/gal – 1.62500s (-0.00250)
◾Brent Crude – $74.17/bbl (+0.91)
◾BSE Sensex – 78,699.07 (+226.59)
◾NIFTY50 – 23,813.40 (+63.20)
On Friday, March NY world sugar #11 (SBH25) closed up +0.11 (+0.57%), while March London ICE white sugar #5 (SWH25) finished down -9.90 (-1.91%).
Sugar prices ended mixed on Friday. NY sugar saw a moderate increase due to short covering, following a report from Unica that cumulative sugar production in Brazil’s Center-South region for the 2024/25 season was down 5.1% year-on-year to 39.711 million metric tons as of mid-December. Unica also noted that only 129 sugar mills were operational in Brazil during the first half of December, compared to 185 mills in the same period last year.
