Morning Sugar Market Update – 15/07/2025
Global sugar prices fell sharply on July 14 due to surplus concerns. London White Sugar #5 dropped 3.08% to \$468.80, while NYBOT Raw Sugar #11 declined 1.63% to 16.30¢/lb. Corn and ethanol prices rose, while Brent crude dipped. Indian indices closed lower, and the Brazilian real weakened, supporting sugar exports. Market sentiment remains bearish.
Yesterday’s closing dated – 14/07/2025
◾London White Sugar #5 (SWQ25) – 468.80s (-14.90)
◾NYBOT Raw Sugar #11 (SBV25) – 16.30s (-0.27)
◾USD/BRL- 5.5893 (+0.0304)
◾USD/INR – 85.923 (-0.066)
◾Corn (ZCN25) – 412-6s (+9-6)
◾Ethanol Chicago $/gal – 1.77000s (+0.03500)
◾Brent Crude – $69.21/bbl (-1.15)
◾BSE Sensex – 82253.46 (-247.01)
◾NIFTY50 – 25082.30 (-67.55)
October NY world sugar #11 (SBV25) on Monday closed down -0.27 (-1.63%), and August London ICE white sugar #5 (SWQ25) closed down -14.90 (-3.08%).
Sugar prices on Monday gave up an early advance and fell sharply, with London sugar posting a 1-week low. Sugar prices have plummeted over the past three months due to expectations of a global sugar surplus.
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Source : Chinimandi
