Yesterday’s closing dated – 01/07/2024
◾London White Sugar (SWQ24) – 585.90s (-12.50)
◾NYBOT Raw Sugar #11 (SBV24) – 20.23s (-0.07)
◾USD/BRL- 5.6565 (-0.0037)
◾USD/INR – 83.444 (+0.080)
◾Brent Crude – 86.60 (+1.60)
◾BSE Sensex – 79476.19 (+443.46)
◾NIFTY50 – 24141.95 (+131.35)
October NY world sugar #11 (SBV24) on Monday closed down -0.07 (-0.34%), and Aug London ICE white sugar #5 (SWQ24) closed down -12.50 (-2.09%).
Sugar prices Monday posted moderate losses. Weakness in the Brazilian real (^USDBRL) is undercutting sugar prices as the real Monday fell to a new 2-1/2 year low against the dollar. The weaker real encouraged export selling by Brazil’s sugar producers.
