Morning Sugar Market Update – 26/07/2025
On July 25, 2025, global sugar prices dropped further amid speculation of rising Indian exports. October NY raw sugar (SBV25) fell to 16.29¢/lb (-1.69%) and London white sugar (SWV25) dropped to \$471/ton (-1.92%). India’s above-normal monsoon rains signal a bumper crop, pressuring global prices with potential export increases.
Yesterday’s closing dated – 25/07/2025
◾London White Sugar #5 (SWV25) – 471.00s (-9.20)
◾NYBOT Raw Sugar #11 (SBV25) – 16.29s (-0.28)
◾USD/BRL- 5.5633 (+0.0418)
◾USD/INR – 86.503 (+0.123)
◾Corn (ZCN25) – 412-6s +9-6)(
◾Ethanol Chicago $/gal – 1.77000s (unch)
◾Brent Crude – $68.44/bbl (-0.74)
◾BSE Sensex – 81,463.09 (-721.08)
◾NIFTY50 – 24,837.00 (-225.10)
October NY world sugar #11 (SBV25) on Friday closed down -0.28 (-1.69%), and October London ICE white sugar #5 (SWV25) closed down -9.20 (-1.92%).
Sugar prices retreated on Friday and have been under pressure this week due to speculation that India may boost its sugar exports.
On Wednesday, sugar prices fell to 3-week lows after Bloomberg reported that India may permit local sugar mills to export sugar in the next season, which starts in October, as abundant monsoon rains may produce a bumper sugar crop. India’s Meteorological Department reported Monday that cumulative monsoon rain in India is 6% above normal as of July 21.
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Source : Chinimandi
