Morning Market Update – 02/04/2026
Global markets showed mixed trends on April 1. Sugar prices declined again, with both raw and white sugar under pressure. Crude oil surged sharply above $105, supporting ethanol dynamics, while corn edged higher. Meanwhile, Indian equities rebounded strongly, and the rupee remained stable against the dollar.
Yesterday’s closing dated – 01/04/2026
◾London White Sugar #5 (SWK26) – 442.10s (-6.40)
◾NYBOT Raw Sugar #11 (SBK26) – 15.29s (-0.23)
◾USD/BRL-5.1551 (-0.0268)
◾USD/INR – 93.210 (+0.004)
◾Corn (ZCH26) – 457-0 (+2-6)
◾Ethanol Chicago $/gal – 1.96500s (-0.04000)
◾Brent Crude – $105.29/bbl (+5.16)
◾BSE Sensex – 73134.32(+1186.77)
◾NIFTY50 – 22679.40 (+348.00)
March NY world sugar #11 (SBK26) on Wednesday closed down -0.23 (-1.48%), and March London ICE white sugar #5 (SWK26) closed down -6.40 (-1.43%)
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Source : Chinimandi
