Morning Sugar Market Update – 19/07/2025
Sugar prices extended gains on July 18, with October NY raw sugar (SBV25) closing at 16.82¢/lb (+0.08) and London white sugar (SWV25) at \$487.70/ton (+3.70).
A surge in China’s sugar imports (up 1,435% in June) and Coca-Cola’s shift to cane sugar in the U.S. are boosting demand.
Yesterday’s closing dated – 18/07/2025
◾London White Sugar #5 (SWV25) – 487.70s (+3.70)
◾NYBOT Raw Sugar #11 (SBV25) – 16.82s (+0.08)
◾USD/BRL- 5.5790 (+0.0341)
◾USD/INR – 86.150 (+0.115)
◾Corn (ZCN25) – 412-6s (+9-6)
◾Ethanol Chicago $/gal – 1.80500s (+0.01750)
◾Brent Crude – $69.28/bbl (-0.24)
◾BSE Sensex – 82259.24 (-375.24)
◾NIFTY50 – 25,111.45 (-100.60)
On Friday, October NY world sugar #11 (SBV25) rose by +0.08 (+0.48%), while October London ICE white sugar #5 (SWV25) gained +3.70 (+0.76%).
Sugar prices continued to climb this week, with NY sugar reaching a 1.5-month high and London sugar hitting a 1.75-month high. Signs of stronger global sugar demand are supporting prices. In June, China’s sugar imports surged by 1,435% to 420,000 metric tons. Additionally, on Wednesday, President Trump announced that Coca-Cola has agreed to switch to cane sugar in its U.S. products instead of high-fructose corn syrup. According to Bloomberg Intelligence, this change could raise U.S. sugar consumption by 4.4%, from the current 11 million metric tons to 11.5 million metric tons.
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Source : Chinimandi
