Morning Market Update – 12/02/2026
Global sugar markets extended losses on February 11, with London and New York futures falling sharply amid persistent surplus concerns. Brent crude rallied, supporting energy-linked commodities, while ethanol gained and corn stayed flat. The rupee weakened slightly, equities were mixed, and the broader sentiment in sugar remains bearish.
Yesterday’s closing dated – 11/02/2026
◾London White Sugar #5 (SWH26) – 387.20s (-10.90)
◾NYBOT Raw Sugar #11 (SBH26) – 13.84s (-0.28)
◾USD/BRL-5.1860 (-0.0060)
◾USD/INR – 90.690 (+0.132)
◾Corn (ZCH26) – 427-4 (unch)
◾Ethanol Chicago $/gal – 1.65000s (+0.01500)
◾Brent Crude – $65.46/bbl (+1.50)
◾BSE Sensex – 84233.64 (-40.28)
◾NIFTY50 – 25953.95 (+18.70)
March NY world sugar #11 (SBH26) on Thursday closed down -0.28(-1.98%), and March London ICE white sugar #5 (SWH26) closed down -10.90 (-2.74%)
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