Yesterday’s closing dated – 29/05/2024
◾London White Sugar – 543.40s (-10.10)
◾NYBOT Raw Sugar #11 – 18.35s -(0.38)
◾USD/BRL- 5.2031 (+0.0420)
◾USD/INR – 83.373 (+0.168)
◾Brent Crude – 83.60 (-0.62)
◾BSE Sensex – 74502.90 (-667.56)
◾NIFTY50 – 22704.70 (-183.45)
July NY world sugar #11 (SBN24) on Wednesday closed down -0.38 (-2.03%), and Aug London ICE white sugar #5 (SWQ24) closed down -10.10 (-1.82%).
Sugar prices retreated on Wednesday due to weakness in the Brazilian real. The real Wednesday (^USDBRL) fell to a 5-week low against the dollar, encouraging export selling by Brazil’s sugar producers.
