Morning Sugar Market Update – 10/09/2025
Sugar futures closed higher on September 9, 2025, with NYBOT Raw Sugar #11 at 15.84s (+0.21) and London White Sugar #5 at 483.30s (+3.60). Gains were driven by firmer crude oil, which lifted ethanol prospects, sparking short covering and expectations of reduced sugar output.
Yesterday’s closing dated – 09/09/2025
◾London White Sugar #5 (SWV25) – 483.30s (+3.60)
◾NYBOT Raw Sugar #11 (SBV25) – 15.84s (+0.21)
◾USD/BRL- 5.4398 (+0.0202)
◾USD/INR – 88.150 (-0.069)
◾Corn (ZCU25) – 401-2s -1-6
◾Ethanol Chicago $/gal – 1.99000s (-0.03000)
◾Brent Crude – $66.39/bbl (+0.37)
◾BSE Sensex – 81101.32 (+314.02)
◾NIFTY50 – 24868.60 (+95.45)
Sugar futures saw gains on Tuesday, with October NY World Sugar #11 (SBV25) closing up +0.21 (+1.34%) and October London ICE White Sugar #5 (SWV25) rising +3.60 (+0.75%).
The increase in sugar prices followed a nearly +1% rally in WTI crude oil (CLV25), which prompted short covering in the sugar market. Higher crude oil prices tend to boost ethanol prices, potentially encouraging global sugar mills to shift more of their cane crushing towards ethanol production rather than sugar. This shift could result in a reduction of sugar supplies, further supporting price increases.
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Source : Chinimandi
