Morning Sugar Market Update – 30/07/2025
Sugar prices rose for a second day, with NY raw sugar (#11) up 0.97% at 16.59¢/lb, and London white sugar (#5) up 0.11% at $475.30/ton. Higher crude oil prices boosted ethanol’s appeal, encouraging mills to divert cane toward ethanol production, potentially tightening global sugar supply.
Yesterday’s closing dated – 29/07/2025
◾London White Sugar #5 (SWV25) – 475.30s (+0.50)
◾NYBOT Raw Sugar #11 (SBV25) – 16.59s (+0.16)
◾USD/BRL- 5.5747 (-0.0141)
◾USD/INR – 87.185 (+0.104)
◾Corn (ZCN25) – 412-6s (+9-6)
◾Ethanol Chicago $/gal – 1.74000s (-0.02250)
◾Brent Crude – $72.51/bbl (+2.47)
◾BSE Sensex – 81337.95 (+446.93)
◾NIFTY50 – 24821.10 (+140.20)
October NY world sugar #11 (SBV25) on Tuesday closed up +0.16 (+0.97%), and October London ICE white sugar #5 (SWV25) closed up +0.50 (+0.11%).
Sugar prices settled higher for a second day Tuesday, with NY sugar posting a 1-week high. Strength in crude prices is supporting gains in sugar after WTI crude oil (CLU5) surged more than +3% Tuesday to a 2-week high, which benefits ethanol prices and may prompt the world’s sugar mills to divert cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
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Source : Chinimandi
