Morning Sugar Market Update – 07/11/2025
Global sugar prices saw a slight recovery on Thursday. March raw sugar closed at 14.19s (+0.08) and December white sugar at 412.90s (+0.20). The rebound was supported by a stronger Brazilian real (USD/BRL at 5.3502), which reduced export pressure from Brazil. Other markets were mixed, with ethanol slightly lower and brent crude at $63.38/bbl.
Yesterday’s closing dated – 06/11/2025
◾London White Sugar #5 (SWZ25) – 412.90s (+0.20)
◾NYBOT Raw Sugar #11 (SBH26) – 14.19s (+0.08)
◾USD/BRL- 5.3502 (-0.0097)
◾USD/INR – 88.656 (-0.012)
◾Corn (ZCZ25) – 428-6 (unch)
◾Ethanol Chicago $/gal – 1.69500s (-0.00500)
◾Brent Crude – $63.38/bbl (-0.14)
◾BSE Sensex – 83311.01 -148.14
◾NIFTY50 – 25509.70 (-87.95)
March NY world sugar #11 (SBH26) on Thursday closed up +0.08 (+0.57%), and December London ICE white sugar #5 (SWZ25) closed up +0.20 (+0.05%).
Sugar prices recovered from early losses and moved higher on Thursday as strength in the Brazilian real sparked short covering in sugar futures. The real (^USDBRL) climbed to a 4-week high against the dollar on Thursday, discouraging export sales from Brazil’s sugar producers.
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Source : Chinimandi
