Morning Sugar Market Update – 04/11/2025
Sugar futures ended higher, with NY raw sugar at 14.65s and London white sugar at 423.30s amid short-covering and support from a stronger Brazilian real. Corn eased slightly, ethanol was steady, and crude saw a mild uptick. Indian markets closed modestly higher, while currency movements remained relatively stable.
Yesterday’s closing dated – 03/11/2025
◾London White Sugar #5 (SWZ25) – 423.30s (+7.60)
◾NYBOT Raw Sugar #11 (SBH26) – 14.65s (+0.22)
◾USD/BRL- 5.3572 (-0.0172)
◾USD/INR – 88.531 (-0.165)
◾Corn (ZCZ25) – 433-2 (-1-0)
◾Ethanol Chicago $/gal – 1.66250s (unch)
◾Brent Crude – $64.89/bbl (+0.12)
◾BSE Sensex – 83978.49 (+39.78)
◾NIFTY50 – 25763.35 (+41.25)
March NY world sugar #11 (SBH26) on Monday closed up +0.22 (+1.52%), and December London ICE white sugar #5 (SWZ25) closed up +7.60 (+1.83%).
Sugar prices on Monday posted a new 1-week high as short-covering continued from last week’s lows. Sugar also saw some support from Monday’s +0.35% rally in the Brazilian real versus the dollar, which reduced the incentive for Brazilian producers to sell sugar.
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Source : Chinimandi
