Yesterday’s closing dated – 14/06/2024
◾London White Sugar – 562.10s (-5.30)
◾NYBOT Raw Sugar #11 – 19.43s (-0.16)
◾USD/BRL- 5.3762 (+0.0126)
◾USD/INR – 83.554 (+0.002)
◾Brent Crude – 82.75 (+0.15)
◾BSE Sensex – 76,992.77 (+181.88)
◾NIFTY50 – 23,465.60 (+66.70)
July NY world sugar #11 (SBN24) on Friday closed down -0.16 (-0.82%), and Aug London ICE white sugar #5 (SWQ24) closed down -5.30 (-0.93%).
Sugar prices on Friday posted moderate losses on ramped-up sugar production in Brazil. Unica reported Friday that Brazil’s sugar production for the 2024/25 crop year through May is up +11.8% y/y at 7.837 MMT. Also, the percentage of Brazil’s 2024/25 sugar cane crop crushed for sugar rose to 47.88% from 46.68% last year.
