Morning Market Update – 21/08/2024

Yesterday’s closing dated – 20/08/2024

◾London White Sugar (SWV24) – 502.50s (-11.20)

◾NYBOT Raw Sugar #11 (SBV24) – 17.57s (-0.45)

◾USD/BRL- 5.4780 (0.0000)

◾USD/INR – 83.770 (-0.061)

◾Brent Crude – 77.20 (-0.46)

◾BSE Sensex – 80802.86 (+378.18)

◾NIFTY50 – 24698.85 (+126.20)

October NY world sugar #11 (SBV24) Tuesday closed down -0.45 (-2.50%), and Oct London ICE white sugar #5 (SWV24) closed down -11.20 (-2.18%).

Sugar prices Tuesday posted sharp losses, with NY sugar falling to a 1-3/4 year nearest-futures low and London sugar dropping to a 2-1/2 year low.

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