Morning Market Update – 28/03/2026
Markets show mixed signals: sugar prices slightly down despite strong crude near $100, supporting ethanol outlook. Corn weakens on supply pressure, while ethanol edges up. INR depreciates, adding import cost risks. Equity markets corrected sharply. Overall sentiment cautious amid energy-driven volatility and global uncertainty impacting agri and financial markets.
Yesterday’s closing dated – 27/03/2026
◾London White Sugar #5 (SWK26) – 458.60s (-1.00)
◾NYBOT Raw Sugar #11 (SBK26) – 15.76s (-0.11)
◾USD/BRL-5.2388 (-0.0018)
◾USD/INR – 94.782 (+0.494)
◾Corn (ZCH26) – 462-0 (-5-0)
◾Ethanol Chicago $/gal – 1.94250s (+0.00250)
◾Brent Crude – $99.64/bbl (+5.16)
◾BSE Sensex – 73583.22 (-1690.23)
◾NIFTY50 – 22819.60 (-486.85)
March NY world sugar #11 (SBK26) on Wednesday closed down -0.11 (-0.69%), and March London ICE white sugar #5 (SWK26) closed down -1.00 (0.22%)
To Read more about Sugar Industry continue reading Agriinsite.com
Source : Chinimandi
