Morning Sugar Market Update – 02/08/2025
Sugar futures fell on August 1, 2025, with NYBOT Raw Sugar at 16.18¢/lb and London White Sugar at \$465/ton, pressured by rising Brazilian output. Brazil’s Center-South produced 3.4 MMT in early July, up 15% YoY. Increased sugarcane crushing and global oversupply concerns continue to weigh on prices.
Yesterday’s closing dated – 01/08/2025
◾London White Sugar #5 (SWV25) – 465.00s (-2.80)
◾NYBOT Raw Sugar #11 (SBV25) – 16.18s (-0.17)
◾USD/BRL- 5.5420 (-0.0595)
◾USD/INR – 87.245 (-0.279)
◾Corn (ZCU25) – 389-4s -4-4
◾Ethanol Chicago $/gal – 1.74750s (+0.00750)
◾Brent Crude – $69.67//bbl (-2.03)
◾BSE Sensex – 80599.91 -585.67
◾NIFTY50 – 24565.35 (-203.00)
October NY world sugar #11 (SBV25) on Friday closed down -0.17 (-1.04%), and October London ICE white sugar #5 (SWV25) closed down -2.80 (-0.60%).
Sugar prices were under pressure Friday, with NY sugar sliding to a 1-week low and London sugar falling to a 3.5-week low. Signs of stronger sugar production in Brazil are weighing on sugar prices after Unica on Thursday reported Brazil’s Center-South sugar output in the first half of July rose +15% y/y to 3.4 MMT. Also, the amount of sugarcane being crushed for sugar by Brazil’s sugar mills has increased to 54% from 50% the same time last year.
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Source : Chinimandi
