Morning Sugar Market Update – 03/09/2025
On September 2, sugar futures fell sharply as global production outlook improved. New York raw sugar #11 closed at 16.15¢/lb (-1.34%) and London white sugar #5 at \$491/ton (-2.21%). Brazil’s Center-South region boosted output 16% in early August to 3.615 million tons, pressuring prices to a four-week low.
Yesterday’s closing dated – 02/09/2025
◾London White Sugar #5 (SWV25) – 491.00s (-11.10)
◾NYBOT Raw Sugar #11 (SBV25) – 16.15s (-0.22)
◾USD/BRL- 5.4650 (+0.0247)
◾USD/INR – 88.028 (+0.050)
◾Corn (ZCU25) – 403-0 (unch)
◾Ethanol Chicago $/gal – 1.794 (0.000)
◾Brent Crude – $69.14/bbl (+0.99)
◾BSE Sensex – 80157.88 (-206.61)
◾NIFTY50 – 24579.60 (-45.45)
On Tuesday, sugar futures experienced notable declines, with October New York world sugar #11 (SBV25) falling by 0.22 cents (-1.34%) and October London ICE white sugar #5 (SWV25) dropping $11.10 (-2.21%).
The downturn pushed New York sugar to a four-week low, driven largely by expectations of increased production in Brazil. According to data released last Friday by industry group Unica, sugar output in Brazil’s Center-South region rose by 16% year-over-year in the first half of August, reaching 3.615 million metric tons.
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Source : Chinimandi
