Yesterday’s closing dated –23/02/2024
◾London White Sugar – 612.10s (-7.60)
◾NYBOT Raw Sugar #11 – 22.62s (-0.21)
◾USD/BRL- 4.9956 (+0.0351)
◾USD/INR – 82.898 (+0.054)
◾Brent Crude – 81.58 (-2.09)
◾BSE Sensex – 73142.80 (-15.44)
◾NIFTY50 – 22212.70 (-4.75)
March NY world sugar #11 (SBH24) on Friday closed down -0.21 (-0.92%), and May London ICE white sugar #5 (SWK24) closed down -7.60 (-1.23%).
Sugar prices on Friday gave up an early advance and closed moderately lower, with London sugar falling to a 1-1/2 month low. Weakness in the Brazilian real (^USDBRL) undercut sugar prices as the real on Friday dropped to a 2-week low against the dollar. The weaker real encourages export selling from Brazil’s sugar producers.
