Yesterday’s closing dated – 02/08/2024
◾London White Sugar (SWV24) – 515.80s (-7.70)
◾NYBOT Raw Sugar #11 (SBV24) – 18.10s (-0.40)
◾USD/BRL- 5.7281 (-0.0203)
◾USD/INR – 83.791 (+0.061)
◾Brent Crude – 76.81 (-2.71)
◾BSE Sensex – 80,981.95 (-885.59)
◾NIFTY50 – 24,717.70 (-293.20)
October NY world sugar #11 (SBV24) on Friday closed down -0.40 (-2.16%), and Oct London ICE white sugar #5 (SWV24) closed down -7.70 (-1.47%).
Sugar prices posted moderate losses on Friday, with NY sugar falling to a 1-week low and London sugar tumbling to a 9-month nearest-futures low. The outlook for above-average monsoon rains in India has boosted optimism about India’s sugar crop.
