Morning Market Update – 05/10/2024

Yesterday’s closing dated – 04/10/2024

◾London White Sugar (SWZ24) – 576.90s (-7.10)

◾NYBOT Raw Sugar #11 (SBH25) – 23.01s (-0.23)

◾USD/BRL- 5.4555 (-0.0204)

◾USD/INR – 84.040 (+0.056)

◾Brent Crude – 78.14 (+0.52)

◾BSE Sensex – 81688.45 (-808.65)

◾NIFTY50 – 25049.85 (-200.25)

March NY world sugar #11 (SBH25) Friday closed down -0.23 (-0.99%), and December London ICE white sugar #5 (SWZ24) closed down -7.10 (-1.22%).

Sugar prices Friday fell back from 1-week highs and turned lower after the dollar index (DXY00) jumped to a 7-week high, prompting long liquidation in sugar futures.

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