Yesterday’s closing dated – 28/01/2025
◾London White Sugar #5 (SWH25) – 511.50s (+4.50)
◾NYBOT Raw Sugar #11 (SBH25) – 19.23s (+0.06)
◾USD/BRL- 5.8650 (-0.0276)
◾USD/INR – ₹86.535 (+0.185)
◾Corn (ZCH25) – 485-2s +3-2
◾Ethanol Chicago $/gal – 1.67250 (unch)
◾Brent Crude – $77.49 /bbl (+0.41)
◾BSE Sensex – 75,901.41 (+535.23)
◾NIFTY50 – 22,957.25 (+128.10)
March NY world sugar #11 (SBH25) Tuesday closed up +0.06 (+0.31%), and March London ICE white sugar #5 (SWH25) closed up +4.50 (+0.89%).
Sugar prices on Tuesday settled moderately higher as they consolidated below Monday’s 3-week highs. Over the past week, recent strength in the Brazilian real (^USDBRL) has fueled fund short covering in sugar futures. The real on Tuesday rallied to a 2-month high against the dollar, discouraging export selling from Brazil’s sugar producers.
