Morning Market Update- 17/11/2023

Yesterday’s closing dated –16/11/2023

◾London White Sugar – 733.70s (-0.90)

◾NYBOT Raw Sugar #11 – 27.19s (+0.04)

◾USD/BRL- 4.8636 (+0.0004)

◾USD/INR – 83.23 (+0.0900)

◾Brent Crude – 77.42 (-3.76)

◾BSE Sensex – 65982.48 (+306.55)

◾NIFTY50 – 19765.20 (+89.75)

Sugar prices Thursday settled mixed. NY sugar found support on strength in the Brazilian real (^USDBRL), which rallied to a 3-1/2 month high Wednesday. The stronger real discourages export selling from Brazil’s sugar producers.

 

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