Yesterday’s closing dated – 03/05/2024
◾London White Sugar –572.00s (+1.50)
◾NYBOT Raw Sugar #11 – 19.28s (+0.03)
◾USD/BRL- 5.0725 (-0.0388)
◾USD/INR –83.382 (-0.013)
◾Brent Crude – 82.80 (-0.87)
◾BSE Sensex –73,878.15 (-732.96)
◾NIFTY50 – 22,475.85 (-172.35)
July NY world sugar #11 (SBN24) on Friday closed up +0.03 (+0.16%), and Aug London ICE white sugar #5 (SWQ24) closed up +1.50 (+0.26%).
Sugar prices Friday posted modest gains. Short covering emerged in sugar futures Friday after the Brazilian real (^USDBRL) rallied to a 3-week high against the dollar. Strength in the real discourages export selling from Brazil’s sugar producers.
