Morning Sugar Market Update – 08/08/2025
On August 7, 2025, global sugar markets showed minimal movement. October NY raw sugar (#11) closed unchanged at 16.01s, while London white sugar (#5) rose slightly by 0.40 to 462.50s. The Brazilian real strengthened to a 4-week high (5.4236/USD), curbing Brazilian export activity and prompting mild short covering in sugar futures.
Yesterday’s closing dated – 07/08/2025
◾London White Sugar #5 (SWV25) – 462.50s (+0.40)
◾NYBOT Raw Sugar #11 (SBV25) – 16.01s (unch)
◾USD/BRL- 5.4236 (-0.0396)
◾USD/INR – 87.551 (+0.133)
◾Corn (ZCU25) – 384-6 +0-2
◾Ethanol Chicago $/gal – 1.77500s (+0.01500)
◾Brent Crude – $66.43/bbl (-0.46)
◾BSE Sensex – 80623.26 (+79.27)
◾NIFTY50 – 24596.15 (+21.95)
October NY world sugar #11 (SBV25) Thursday closed unchanged, and October London ICE white sugar #5 (SWV25) closed up +0.40 (+0.09%).
Sugar prices on Thursday settled little changed as prices consolidated recent losses. Some mild short covering emerged in sugar futures Thursday after the Brazilian real (^USDBRL) rallied to a 4-week high, discouraging export sales from Brazil’s sugar producers.
To Read more about Sugar Industry continue reading Agriinsite.com
Source : Chinimandi
