Yesterday’s closing dated – 23/09/2024
◾London White Sugar (SWZ24) – 584.50s (-0.40)
◾NYBOT Raw Sugar #11 (SBV24) – 22.55s (-0.11)
◾USD/BRL- 5.5364 (0.0000)
◾USD/INR – 83.559 (+0.078)
◾Brent Crude – 73.90 (-0.59)
◾BSE Sensex – 84928.61 (+384.30)
◾NIFTY50 – 25939.05 (+148.10)
October NY world sugar #11 (SBV24) Monday closed down -0.11 (-0.49%), and December London ICE white sugar #5 (SWZ24) closed down -0.40 (-0.07%).
Sugar prices Monday gave up an early advance and closed lower, with NY sugar falling back from a 6-3/4 month high and London sugar falling back from a 5-1/2 month high. Weakness in the Brazilian real sparked long liquidation in sugar after the real (^USDBRL) fell to a 1-week low against the dollar Monday. The weaker real encourages export selling by Brazil’s sugar producers.
