Yesterday’s closing dated –29/02/2024
◾London White Sugar – 615.10s (-19.90)
◾NYBOT Raw Sugar #11 – 22.58s (-1.43)
◾USD/BRL- 4.9708 (-0.0008)
◾USD/INR – 82.921 (+0.024)
◾Brent Crude – 83.62 (-0.06)
◾BSE Sensex – 72500.30 (+195.42)
◾NIFTY50 – 21982.80 (+31.65)
March NY world sugar #11 (SBH24) on Thursday closed down -1.43 (-5.96%), and May London ICE white sugar #5 (SWK24) closed down -19.90 (-3.13%).
Sugar prices slumped on Thursday as weakness in the Brazilian real (^USDBRL) sparked long liquidation in sugar futures. The real on Thursday dropped to a 3-week low against the dollar, encouraging export selling by Brazil’s sugar producers.
