Yesterday’s closing dated – 19/08/2024
◾London White Sugar (SWV24) – 513.70s (-3.00)
◾NYBOT Raw Sugar #11 (SBV24) – 18.02s (-0.01)
◾USD/BRL- 5.4121 (0.0000)
◾USD/INR – 83.907 (+0.032)
◾Brent Crude – 77.66 (-2.02)
◾BSE Sensex – 80424.68 (-12.16)
◾NIFTY50 – 24572.65 (+31.50)
October NY world sugar #11 (SBV24) on Monday closed down -0.01 (-0.06%), and Oct London ICE white sugar #5 (SWV24) closed down -3.00 (-0.58%).
Sugar prices Monday closed slightly lower as they consolidated above the recent significant lows. Sugar prices have been under pressure over the past six weeks, with NY sugar falling to a 1-3/4 year nearest-futures low on August 5 and London sugar dropping to a 2-1/3 year low. Signs of larger global supplies are undercutting sugar prices.
