Yesterday’s closing dated – 23/04/2024
◾London White Sugar –573.20s (+2.80)
◾NYBOT Raw Sugar #11 – 19.91s (+0.11)
◾USD/BRL- 5.1322 (+0.0063)
◾USD/INR – 83.334 (-0.044)
◾Brent Crude – 88.42 (-1.42)
◾BSE Sensex – 73738.45 (+89.83)
◾NIFTY50 – 22368.00 (+31.60)
May NY world sugar #11 (SBK24) on Tuesday closed up +0.11 (+0.56%), and Aug London ICE white sugar #5 (SWQ24) closed up +2.80 (+0.49%).
Sugar prices on Tuesday settled moderately higher. Sugar prices found support from a rally in the Brazilian real (^USDBRL) to a 1-week high against the dollar. Strength in the real discourages export selling by Brazil’s sugar producers.
