Morning Market Update- 11/05/2024

Yesterday’s closing dated – 10/05/2024

◾London White Sugar – 569.30s (-6.30)

◾NYBOT Raw Sugar #11 – 19.30s (-0.28)

◾USD/BRL- 5.1588 (+0.0176)

◾USD/INR – 83.553 (+0.101)

◾Brent Crude – 82.78 (-1.10)

◾BSE Sensex – 72,664.47 (+260.30)

◾NIFTY50 – 22,055.20 (+97.70)

July NY world sugar #11 (SBN24) Friday closed down -0.28 (-1.43%), and Aug London ICE white sugar #5 (SWQ24) closed down -6.30 (-1.09%).

Sugar prices Friday closed lower on a stronger dollar and on carry-over pressure from Thursday when Datagro raised its 2024 Center-South sugar production estimate to 41.6 MMT from a March estimate of 40.45 MMT.

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