Morning Market Update – 22/10/2024

 

Yesterday’s closing dated – 21/10/2024

◾London White Sugar (SWZ24) – 563.10s (-3.50)

◾NYBOT Raw Sugar #11 (SBH25) – 21.83s (-0.35)

◾USD/BRL- 5.6939 (0.0000)

◾USD/INR – 84.070 (+0.001)

◾Brent Crude – 74.29 (+1.23)

◾BSE Sensex – 81151.27 (-73.48)

◾NIFTY50 – 24741.55 (-112.50)

March NY world sugar #11 (SBH25) Monday closed down -0.35 (-1.58%), and December London ICE white sugar #5 (SWZ24) closed down -3.50 (-0.62%).

Sugar prices Monday settled moderately lower, with NY sugar falling to a 1-month low and London sugar dropping to a 1-1/2 week low. Forecasts for abundant rains in Brazil’s Center-South are undercutting sugar prices.

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