Yesterday’s closing dated –19/03/2024
◾London White Sugar – 619.90s (-8.10)
◾NYBOT Raw Sugar #11 – 21.64s (-0.52)
◾USD/BRL- 5.0311 (+0.0010)
◾USD/INR – 83.023 (+0.081)
◾Brent Crude – 87.38 (+0.49)
◾BSE Sensex – 72,012.05 (-736.37)
◾NIFTY50 – 21,817.45 (-238.25)
Sugar prices Tuesday posted moderate losses as weakness in the Brazilian real (^USDBRL) sparked long liquidation in sugar futures. The real on Tuesday dropped to a 4-1/2 month low against the dollar before recovering late in the session. The weaker real encourages export selling from Brazil’s sugar producers.
