Yesterday’s closing dated –20/02/2024
◾London White Sugar – 624.90s (-7.20)
◾NYBOT Raw Sugar #11 – 22.75s (-0.33)
◾USD/BRL- 4.9278 (+0.0003)
◾USD/INR – 82.950 (-0.072)
◾Brent Crude – 82.34 (-1.22)
◾BSE Sensex – 73057.40 (+349.24)
◾NIFTY50 – 22196.95 (+74.70)
March NY world sugar #11 (SBH24) on Tuesday closed up -0.33 (-1.43%), and May London ICE white sugar #5 (SWK24) closed down -7.20 (-1.14%).
Sugar prices on Tuesday dropped to 1-month lows and closed moderately lower. Sugar prices are under pressure from a significant increase in Brazil’s sugar production.
