Yesterday’s closing dated – 13/06/2024
◾London White Sugar – 567.40s (+12.60)
◾NYBOT Raw Sugar #11 – 19.59s (+0.49)
◾USD/BRL- 5.3633 (-0.0003)
◾USD/INR – 83.513 (+0.025)
◾Brent Crude – 82.75 (+0.15)
◾BSE Sensex – 76810.90 (+204.33)
◾NIFTY50 – 23398.90 (+75.95)
July NY world sugar #11 (SBN24) on Thursday closed up +0.49 (+2.57%), and Aug London ICE white sugar #5 (SWQ24) closed up +12.60 (+2.27%).
Sugar prices Thursday climbed to 1-month highs on concerns of fewer sugar exports from India. The Indian government said Thursday that it remains committed to increasing ethanol blending with gasoline. An increase in India’s ethanol output could reduce the country’s sugar production and leave less sugar available to export, thus reducing global supplies.
