Morning Sugar Market Update – 17/07/2025
Sugar futures ended mixed on July 16. London White Sugar #5 fell slightly to \$478.50/ton, while NYBOT Raw Sugar #11 remained steady at 16.56¢/lb. Corn and ethanol prices were stable, with Brent Crude down to \$68.52/bbl. The USDA’s stance against additional specialty sugar imports supported NY prices. August London sugar saw volatility on contract expiry.
Yesterday’s closing dated – 16/07/2025
◾London White Sugar #5 (SWV25) – 478.50s (-0.10)
◾NYBOT Raw Sugar #11 (SBV25) – 16.56s (unch)
◾USD/BRL- 5.5690 (+0.0119)
◾USD/INR – 85.942 (+0.072)
◾Corn (ZCN25) – 412-6s (+9-6)
◾Ethanol Chicago $/gal – 1.77250s (unch)
◾Brent Crude – $68.52/bbl (-0.19)
◾BSE Sensex – 82634.48 (+63.57)
◾NIFTY50 – 25212.05 (+16.25)
October NY world sugar #11 (SBV25) on Wednesday closed unchanged, and October London ICE white sugar #5 (SWV25) closed down -0.10 (-0.02%). Aug London sugar whipsawed on Wednesday on the contract’s last trading day.
Sugar prices on Wednesday closed steady to slightly lower. NY sugar saw some continued support after the USDA announced on Monday that the US will not import any specialty sugar beyond what is required by international trade laws, “in alignment with Secretary Rollins’ Farmers First policies.”
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Source : Chinimandi
