Morning Market Update – 02/07/2026
Global sugar markets ended higher on July 1, with London white sugar rising 1.75% and New York raw sugar gaining 1.15%, supported by improved market sentiment. Meanwhile, a stronger Brazilian real, stable corn prices, lower ethanol and crude oil values, and stronger Indian equities reflected mixed signals across the broader commodities and financial markets.
Yesterday’s closing dated – 01/07/2026
◾London White Sugar #5 (SWQ26) – 482.90s (+8.30)
Bioenergy Times
◾NYBOT Raw Sugar #11 (SBV26) – 14.99s (+0.17)
◾USD/BRL- 5.2075 (+0.0455)
◾USD/INR – 95.085 (-0.163)
◾Corn (ZCN26) – 421-0 (unch)
◾Ethanol Chicago $/gal – 1.87500s (-0.00500)
◾Brent Crude – $67.83/bbl (-0.75)
◾BSE Sensex – 76922.64 (+443.97)
◾NIFTY50 – 14005.85 (+140.10)
March NY world sugar #11 (SBV26) on Wednesday closed up +0.17(+1.15), and March London ICE white sugar #5 (SWQ26) closed up +8.30(+1.75%)
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Source : Chinimandi
