Yesterday’s closing dated – 01/08/2024
◾London White Sugar (SWV24) – 523.50s (-11.50)
◾NYBOT Raw Sugar #11 (SBV24) – 18.50s (-0.44)
◾USD/BRL- 5.7520 (+0.0037)
◾USD/INR – 83.746 (+0.044)
◾Brent Crude – 79.52 (-1.32)
◾BSE Sensex – 81867.55 (+126.21)
◾NIFTY50 – 25004.00 (+52.85)
October NY world sugar #11 (SBV24) on Thursday closed down -0.44 (-2.32%), and Oct London ICE white sugar #5 (SWV24) closed down -11.50 (-2.15%).
On Thursday, sugar prices declined due to expectations of higher-than-average monsoon rains in India, which are anticipated to enhance the country’s sugar crop. The India Meteorological Department has predicted that monsoon rainfall in India for August and September will be 106% of the long-term average of 422.8 mm (16.65 inches).
