Morning Market Update – 18/04/2026
Sugar prices declined again, with both London and NY futures closing lower amid weak sentiment. Crude oil saw a sharp drop, weighing on ethanol and sugar support. The rupee strengthened, while Indian equities rallied. Overall, markets reflected bearish pressure in commodities but optimism in equities.
Yesterday’s closing dated – 17/04/2026
◾London White Sugar #5 (SWQ26) – 412.30s (-6.00)
◾NYBOT Raw Sugar #11 (SBK26) – 13.31s (-0.35)
◾USD/BRL-4.9786 (-0.0139)
◾USD/INR – 92.603 (-0.450)
◾Corn (ZCH26) – 448-6 (+0-2)
◾Ethanol Chicago $/gal – 1.90750s (-0.00250)
◾Brent Crude – $83.85/bbl (-10.84)
◾BSE Sensex – 78493.54 (+504.86)
◾NIFTY50 – 24353.55 (+156.80)
March NY world sugar #11 (SBK26) on Wednesday closed down -0.35 (-2.56%), and March London ICE white sugar #5 (SWQ26) closed down -6.00 (-1.43%)
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Source : Chinimandi
