Yesterday’s closing dated –10/11/2023
◾London White Sugar – 747.30s (-9.30)
◾NYBOT Raw Sugar #11 – 27.29s (-0.49)
◾USD/BRL- 4.9018 (-0.0324)
◾USD/INR – 83.32 (+0.003)
◾Brent Crude – 81.43 (+1.42)
◾BSE Sensex – 64,904.68 (+72.48)
◾NIFTY50 – 19,425.35 (+30.05)
Sugar prices Friday retreated on an increase in sugar production in Brazil. Friday’s report from Unica showed that Brazil Center-South sugar output in the second half of October rose +9.4% y/y to 2.350 MMT and that sugar output in the 2023/24 crop year through October rose +22.6% y/y to 37.215 MMT. Also, 49.39% of the crushed sugarcane was used for sugar production this year, an increase from 45.83% last year.
