Yesterday’s closing dated – 02/10/2024
◾London White Sugar (SWZ24) – 574.00s (-8.80)
◾NYBOT Raw Sugar #11 (SBH25) – 22.68s (-0.29)
◾USD/BRL- 5.4407 (0.0000)
◾USD/INR – 83.810 (-0.005)
◾Brent Crude – 73.90 (+0.34)
◾BSE Sensex – 84,266.29 (-33.49)
◾NIFTY50 – 25,796.90 (-13.95)
March NY world sugar #11 (SBH25) Wednesday closed down -0.29 (-1.26%), and December London ICE white sugar #5 (SWZ24) closed down -8.80 (-1.51%).
Sugar prices Wednesday gave up an early advance and closed moderately lower on forecasts for beneficial rain in Brazil, which eased drought concerns and sparked long liquidation in sugar futures. The Commodity Weather Group’s six to ten-day forecast calls for widespread showers in Brazil.
