Morning Market Update – 17/04/2026
Sugar prices rebounded slightly, with London and NY futures closing higher. Crude oil eased, while the rupee strengthened against the dollar. Corn and ethanol saw marginal gains. Indian equities slipped after the previous rally. Overall, markets showed mixed sentiment with mild recovery in sugar and cautious movement across commodities and financial indicators.
Yesterday’s closing dated – 16/04/2026
◾London White Sugar #5 (SWQ26) – 418.30s (+6.00)
◾NYBOT Raw Sugar #11 (SBK26) – 13.66s (+0.15)
◾USD/BRL-4.9925 (-0.0011)
◾USD/INR – 92.764 (-0.261)
◾Corn (ZCH26) – 449-4 (+1-0)
◾Ethanol Chicago $/gal – 1.91000s (+0.00750)
◾Brent Crude – $93.50/bbl (-1.19)
◾BSE Sensex – 77988.68 (-122.56)
◾NIFTY50 – 24196.75 (-34.55)
March NY world sugar #11 (SBK26) on Wednesday closed up +0.15 (+1.11%), and March London ICE white sugar #5 (SWQ26) closed up +6.00 (+1.46%)
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Source : Chinimandi
