Morning Market Update – 10/09/2024

Yesterday’s closing dated – 09/09/2024

◾London White Sugar (SWV24) – 526.30s (-6.70)

◾NYBOT Raw Sugar #11 (SBV24) – 18.83s (-0.08)

◾USD/BRL- 5.5842 (0.0000)

◾USD/INR – 83.953 (-0.035)

◾Brent Crude – 71.84 (+0.78)

◾BSE Sensex – 81559.54 (+375.61)

◾NIFTY50 – 24936.40 (+84.25)

October NY world sugar #11 (SBV24) Monday closed down -0.08 (-0.42%), and Oct London ICE white sugar #5 (SWV24) closed down -6.70 (-1.26%).

Sugar prices Monday fell to 2-week lows and closed moderately lower on optimism that above-average monsoon rains in India will lead to a bumper sugar crop.

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