Morning Sugar Market Update – 16/07/2025
Sugar futures rose on July 15, with NY Sugar #11 up 1.60% at 16.56¢/lb and London White Sugar #5 gaining 5.40% to \$494.10/ton. The USDA’s decision to block additional specialty sugar imports boosted prices, while Pakistan’s sharp cut in its sugar import tender to 50,000 MT from 300,000 MT limited gains, signaling reduced international demand.
Yesterday’s closing dated – 15/07/2025
◾London White Sugar #5 (SWQ25) – 494.10s (+25.30)
◾NYBOT Raw Sugar #11 (SBV25) – 16.56s (+0.26)
◾USD/BRL- 5.5571 (-0.0322)
◾USD/INR – 85.970 (+0.007)
◾Corn (ZCN25) – 412-6s (+9-6)
◾Ethanol Chicago $/gal – 1.77250s (+0.00250)
◾Brent Crude – $68.71/bbl (-0.50)
◾BSE Sensex – 82570.91 (+317.45)
◾NIFTY50 – 25195.80 (+113.50)
October NY world sugar #11 (SBV25) on Tuesday closed up +0.26 (+1.60%), and August London ICE white sugar #5 (SWQ25) closed up +25.30 (+5.40%).
Sugar prices on Tuesday closed higher. The USDA announced late Monday that the US will not import any specialty sugar beyond what is required by international trade laws, “in alignment with Secretary Rollins’ Farmers First policies.”
On the bearish side, Pakistan on Tuesday revised its sugar tender (with bids due July 22) sharply lower to 50,000 MT from its previous indication of a 300,000 MT tender. Pakistan’s cabinet on July 8 approved an increase in sugar imports to stop what it called artificially high domestic sugar prices.
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Source : Chinimandi
