Yesterday’s closing dated – 27/09/2024
◾London White Sugar (SWZ24) – 576.20s (-17.70)
◾NYBOT Raw Sugar #11 (SBV24) – 22.79s (-0.52)
◾USD/BRL- 5.4329 (-0.0046)
◾USD/INR – 83.670 (+0.041)
◾Brent Crude – 71.54 (+0.45)
◾BSE Sensex – 85571.85 (-264.27)
◾NIFTY50 – 26178.95 (-37.10)
October NY world sugar #11 (SBV24) Friday closed down -0.52 (-2.23%), and December London ICE white sugar #5 (SWZ24) closed down -17.70 (-2.98%).
Sugar prices fell sharply on Friday, with London sugar posting a 1-week low on the outlook for larger global sugar surpluses. Researcher StoneX raised its global 2024/25 sugar surplus estimate on Friday to 2.0 MMT from a July estimate of 1.2 MMT, citing an improved production outlook in India and Thailand.
