Morning Sugar Market Update – 24/09/2025
Sugar futures rose on September 23, 2025, with October NY raw sugar #11 closing at 15.66s (+2.69%) and December London white sugar #5 at 462.80s (+2.62%). Gains followed a 1% crude oil rally, boosting ethanol prices and prompting mills to divert cane toward ethanol, tightening sugar supply.
Yesterday’s closing dated – 23/09/2025
◾London White Sugar #5 (SWZ25) – 462.80s (+11.80)
◾NYBOT Raw Sugar #11 (SBV25) – 15.66s (+0.41)
◾USD/BRL- 5.2829 (-0.0524)
◾USD/INR – 88.711 (-0.077)
◾Corn (ZCZ25) – 426-2 (unch)
◾Ethanol Chicago $/gal – 1.88500s (-0.00500)
◾Brent Crude – $67.63/bbl (+1.06)
◾BSE Sensex – 82102.10 (-57.87)
◾NIFTY50 – 25169.50 (-32.85)
October NY world sugar #11 (SBV25) on Tuesday closed up +0.41 (+2.69%), and December London ICE white sugar #5 (SWZ25) closed up +11.80 (+2.62%).
Sugar prices recovered from early losses on Tuesday and moved sharply higher after a +1% rally in crude oil prices (CLX25) sparked short covering in sugar futures. Stronger crude prices benefit ethanol prices and could prompt global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
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Source : Chinimandi
