Morning Market Update – 08/05/2026
Global sugar prices declined further on May 7, with London White Sugar and NY Raw Sugar futures extending losses amid weak market sentiment. Corn and ethanol remained under pressure, while Brent crude rose. Indian equity indices ended largely flat, reflecting cautious investor sentiment.
Yesterday’s closing dated – 07/05/2026
◾London White Sugar #5 (SWQ26) – 431.90s (-5.30)
◾NYBOT Raw Sugar #11 (SBN26) – 14.54s (-0.27)
◾USD/BRL- 4.9245 (+0.0011)
◾USD/INR – 94.420 (+0.116)
◾Corn (ZCK26) – 452-6 (unch)
◾Ethanol Chicago $/gal – 1.93500s (-0.02500)
◾Brent Crude – $96.27/bbl (+1.47)
◾BSE Sensex – 77844.52 (-114.00)
◾NIFTY50 – 24326.65 (-4.30)
March NY world sugar #11 (SBN26) on Wednesday closed down -0.27 (-1.82%), and March London ICE white sugar #5 (SWQ26) closed down -5.30 (-1.21%)
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Source : ChiniMandi
