Yesterday’s closing dated – 22/08/2024
◾London White Sugar (SWV24) – 512.10s (+6.50)
◾NYBOT Raw Sugar #11 (SBV24) – 17.85s (+0.20)
◾USD/BRL- 5.5928 (+0.0094)
◾USD/INR – 83.933 (+0.043)
◾Brent Crude – 77.22 (+1.17)
◾BSE Sensex – 81053.19 (+147.89)
◾NIFTY50 – 24811.50 (+41.30)
October NY world sugar #11 (SBV24) Thursday closed up +0.20 (+1.13%), and Oct London ICE white sugar #5 (SWV24) closed up +6.50 (+1.29%).
Sugar prices Thursday moved higher after Conab, Brazil’s government crop forecasting agency, cut its 2024/25 Brazil Center South sugar production estimate to 42 MMT from a previous forecast of 42.7 MMT, citing lower sugarcane yields due to drought and excessive heat
