Morning Market Update – 24/02/2026
Sugar prices ended higher on Feb 23, with NY raw sugar rising 1.05% to 14.45¢/lb and London white sugar gaining to $408.20/ton. A stronger USD/INR and firm crude at $66.70 supported sentiment, while steady corn and higher ethanol prices signaled stable biofuel demand. Indian equities also closed sharply higher.
Yesterday’s closing dated – 23/02/2026
◾London White Sugar #5 (SWK26) – 408.20s (+1.60)
NYBOT Raw Sugar #11 (SBH26) – 14.45s (+0.15)
◾USD/BRL-5.1796 (+0.0033)
◾USD/INR – 90.902 (+0.201)
◾Corn (ZCH26) – 427-4 (unch)
◾Ethanol Chicago $/gal – 1.67250s (+0.00500)
◾Brent Crude – $66.70/bbl (+0.22)
◾BSE Sensex – 83294.66 (+479.95)
◾NIFTY50 – 25713.00 (+141.75)
March NY world sugar #11 (SBH26) on Thursday closed up +0.15 (+1.05%), and March London ICE white sugar #5 (SWH26) closed up +1.60(+0.39%)
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Source : Chinimandi
