Yesterday’s closing dated – 31/07/2024
◾London White Sugar (SWV24) – 535.00s (-3.60)
◾NYBOT Raw Sugar #11 (SBV24) – 18.94s (-0.18)
◾USD/BRL- 5.6580 (+0.0080)
◾USD/INR – 83.692 (-0.042)
◾Brent Crude – 80.72 (+2.09)
◾BSE Sensex – 81741.34 (+285.94)
◾NIFTY50 – 24978.95 (+121.65)
October NY world sugar #11 (SBV24) on Wednesday closed down -0.18 (-0.94%), and Oct London ICE white sugar #5 (SWV24) closed down -3.60 (-0.67%).
Sugar prices Wednesday fell back from 1-1/2 week highs and closed moderately lower as global supply concerns eased. Above-normal monsoon rain in India, the world’s second-largest sugar producer, may boost sugar yields and is bearish for sugar prices.
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