Morning Market Update – 12/03/2026
Global sugar prices closed lower on March 11, with NY raw sugar at 14.25 cents/lb and London white sugar at $413.60/ton. Meanwhile, Brent crude surged to $94.48/barrel, ethanol prices strengthened, and Indian markets declined, reflecting broader volatility across commodities and financial markets.
Yesterday’s closing dated – 11/03/2026
◾London White Sugar #5 (SWK26) – 413.60s (-4.80)
◾NYBOT Raw Sugar #11 (SBK26) – 14.25s (-0.13)
◾USD/BRL-5.1574 (-0.0028)
◾USD/INR – 92.450 (+0.248)
◾Corn (ZCH26) – 448-4 (+4-2)
◾Ethanol Chicago $/gal – 1.86000s (+0.04750)
◾Brent Crude – $94.48/bbl (+7.23)
◾BSE Sensex – 76863.71 (-1342.27)
◾NIFTY50 – 23866.85 (-394.75)
March NY world sugar #11 (SBK26) on Wednesday closed down -0.13 (-0.90%), and March London ICE white sugar #5 (SWK26) closed down -4.80 (1.15%)
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Source : Chinimandi
