Morning Market Update – 29/03/2025

Yesterday’s closing dated – 28/03/2025

◾London White Sugar #5 (SWK25) – 535.70s (-2.10)

◾NYBOT Raw Sugar #11 (SBK25) – 18.96s (-0.13)

◾USD/BRL- 5.7604 (+0.0152)

◾USD/INR – ₹85.534 (-0.106)

◾Corn (ZCH25) – 453-2s +3-2

◾Ethanol Chicago $/gal – 1.70000s (+0.00250)

◾Brent Crude – $73.63 /bbl (-0.40)

◾BSE Sensex – 77414.92 (-191.51)

◾NIFTY50 – 23519.35 (-72.60)

May NY world sugar #11 (SBK25) Friday closed down -0.13 (-0.68%), and May London ICE white sugar #5 (SWK25) closed down -2.10 (-0.39%).

Sugar prices Friday extended this week’s decline to 2-week lows. Forecasts for rain in Brazil eased dryness concerns and weighed on sugar prices. Meteorologist Climatempo forecasted widespread showers for Brazil’s sugar-growing regions into next week.

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