S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketSugar futures in the US remained near the 15 cents per pound mark in January, trading at a narrow range since mid-November and holding the sharp decline from the previous year on expectations of ample supply. Industry players noted that the global sugar market will likely have a surplus of over 2 million tonnes in the current marketing year. This was led by strong supply out of India, the world’s second largest producer, which drove mills to score 180,000 tonnes in export contracts as bumper yields pressured local prices. In the meantime, output from Brazil is expected to ease slightly from the previous marketing year, as high fuel prices in the country drive sugar producers to divert crops to more-profitable ethanol blenders instead of sugar mills. The rebound in the Brazilian real also limited the softer prices, offsetting the decline in the Indian rupee.
