Morning Sugar Market Update – 29/08/2025
On August 28, sugar prices rose, with October NY raw sugar #11 closing at 16.48 (+0.01) and London white sugar #5 at 493.20 (+4.80). London futures hit a six-week high after Pakistan announced plans to import 100,000 MT of refined sugar to stabilize domestic supply and prices.
Yesterday’s closing dated – 28/08/2025
◾London White Sugar #5 (SWV25) – 493.20s (+4.80)
◾NYBOT Raw Sugar #11 (SBV25) – 16.48s (+0.01)
◾USD/BRL- 5.4129 (-0.0049)
◾USD/INR – 87.730 (+0.169)
◾Corn (ZCU25) – 388-2 (+2-6)
◾Ethanol Chicago $/gal – 1.790 (0.000)
◾Brent Crude – $68.62/bbl (+0.57)
◾BSE Sensex – 80080.57 (-705.97)
◾NIFTY50 – 24500.90 (-211.15)
October NY world sugar #11 (SBV25) on Thursday closed up +0.01 (+0.06%), and October London ICE white sugar #5 (SWV25) closed up +4.80 (+0.98%).
Sugar prices closed higher on Thursday, with London sugar futures reaching their highest level in six weeks. The market gained momentum following news that Pakistan is looking to purchase 100,000 metric tons of refined white sugar. The move is part of the government’s broader plan, announced in June, to import sugar this year in an effort to maintain sufficient domestic supply and keep prices affordable.
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Source : Chinimandi
