Morning Market Update – 07/05/2026
Global sugar prices fell sharply on May 6, with NY raw sugar and London white sugar declining over 3% amid weaker ethanol and corn prices. Meanwhile, Brent crude edged higher, while Indian equity markets rallied strongly with gains in Sensex and Nifty.
Yesterday’s closing dated – 06/05/2026
◾London White Sugar #5 (SWQ26) – 437.20s (-15.00)
◾NYBOT Raw Sugar #11 (SBK26) – 14.81s (-0.56)
◾USD/BRL- 4.9234 (+0.0124)
◾USD/INR – 94.622 (+0.229)
◾Corn (ZCH26) – 450-2 (-2-4)
◾Ethanol Chicago $/gal – 1.96000s (-0.05000)
◾Brent Crude – $95.73/bbl (+0.65)
◾BSE Sensex – 77958.52 (+940.73)
◾NIFTY50 – 24330.95 (+298.15)
March NY world sugar #11 (SBK26) on Wednesday closed down -0.56 (-3.64%), and March London ICE white sugar #5 (SWQ26) closed down -15.00 (-3.32%)
To Read more about Sugar Industry continue reading Agriinsite.com
Source : ChiniMandi
