World No. 11 New York March Sugar (SBH26) closed Friday up +0.39 (+2.68%). London March White Sugar ICE #5 (SWH26) closed up +10.20 (+2.44%). Sugar prices closed sharply on Friday amid short covering by funds ahead of a three-day weekend in the US, with markets closed on Monday for the Martin Luther King Day holiday….
One of the world’s top seeds has pulled out of the India Open tournament in Delhi for the third year, citing “extreme pollution” in India’s national capital. Anders Antonsen, who is ranked third by badminton’s top governing body, said in a social media post that he decided not to compete due to Delhi’s poor air…
New York March 11 World Sugar (SBH26) closed Tuesday down -0.13 (-0.87%), and London March 5 ICE White Sugar (SWH26) closed down -3.40 (-0.80%). Sugar prices retreated on Tuesday due to a drop in crude oil prices. WTI crude oil (CLF26) sank to a 4.75-year low on Tuesday, undermining ethanol prices and may lead the…
New York March World Sugar #11 (SBH26) closed Monday up +0.04 (+0.27%), and London March White Sugar #5 ICE (SWH26) closed up +0.80 (+0.19%). Sugar prices rose on Monday as they continue to consolidate below one-month highs reached last Wednesday. Sugar is supported by recent news that India’s Food Ministry said it was considering raising…
Mizuho Financial Group is evaluating opportunities to expand its investment banking operations in India, with the intention of applying its experience in corporate advisory and finance from other regions, Bloomberg reported citing a senior executive. Mizuho vice president Suneel Bakhshi confirmed this in an interview in Tokyo, Japan. The news agency quoted him as saying:…
DHL Group will invest approximately €1 billion ($1.2 billion) in its business units in India by 2030, marking another major investment by the logistics giant in one of its emerging markets. The company will invest in infrastructure developments in sectors such as e-commerce, digitalization, new energy, life sciences and healthcare. More from Sourcing Journal Some…
Oil prices were little changed in the current week, with bearish sentiment still dominating markets after the United States agreed to a one-year truce in its trade war with China, despite reports that Indian refiners are abandoning Russian oil following fresh US sanctions. Brent crude for December delivery was trading at $65.07 a barrel at…
World sugar #11 for March in New York (SBH26) today was down -0.44 (-2.80%), and white sugar ICE #5 for December in London (SWZ25) was down -13.10 (-2.93%). Sugar prices are selling off today, with NY Sugar matching last month’s closest 4.5-year futures low and London sugar posting a new 4.25-year low. The prospects for…
England bounced back to secure their place in the World Cup semi-finals, while India’s defeat jeopardizes their chances of qualifying for the quarter-finals. England cruised to a four-run victory over India to book a place in the semi-finals of the ICC Women’s Cricket World Cup on Sunday, leaving the tournament co-hosts in a five-way contest…
World sugar #11 for March in New York (SBH26) today was down -0.23 (-1.45%), and white sugar ICE #5 for December in London (SWZ25) was down -11.20 (-2.48%). Sugar prices are under pressure today, but remain above the lows reached on Tuesday. On Tuesday, New York sugar fell to a three-week low and London sugar…
