Morning Sugar Market Update – 30/08/2025
Sugar futures closed lower on August 29, with NY raw sugar at 16.37 ¢/lb (-0.11) and London white sugar at \$492.70 (-0.50). Prices fell as Brazil’s Center-South output rose 16% y/y to 3.615 MMT, with 55% of cane diverted to sugar. Season-to-date output remains 4.7% below last year.
Yesterday’s closing dated – 29/08/2025
◾London White Sugar #5 (SWV25) – 492.70s (-0.50)
◾NYBOT Raw Sugar #11 (SBV25) – 16.37s (-0.11)
◾USD/BRL- 5.4304 (+0.0175)
◾USD/INR – 88.174 (+0.583)
◾Corn (ZCU25) – 398-0s (+12-4)
◾Ethanol Chicago $/gal – 1.794 (-0.006)
◾Brent Crude – $68.12/bbl (-0.50)
◾BSE Sensex – 79809.65 (-270.92)
◾NIFTY50 – 24426.85 (-74.05)
October NY world sugar #11 (SBV25) on Friday closed down -0.11 (-0.67%), and October London ICE white sugar #5 (SWV25) closed down -0.50 (-0.10%).
Sugar prices reversed early gains and closed lower on Friday, pressured by increased sugar production in Brazil. According to data released by Unica, sugar output in Brazil’s Center-South region rose by 16% year-over-year in the first half of August, reaching 3.615 million metric tons (MT). Additionally, the share of sugarcane processed into sugar climbed to 55.00%, up from 49.15% during the same period last year. Despite the recent surge, total sugar production for the 2025-26 season through mid-August remains 4.7% lower year-over-year, totaling 22.886 million metric tons (MMT).
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Source : Chinimandi
