Yesterday’s closing dated – 03/07/2024
◾London White Sugar (SWQ24) – 575.50s (-8.80)
◾NYBOT Raw Sugar #11 (SBV24) – 20.53s (-0.08)
◾USD/BRL- 5.5585 (+0.0022)
◾USD/INR – 83.489 (-0.001)
◾Brent Crude – 87.34 (+1.10)
◾BSE Sensex – 79986.80 (+545.35)
◾NIFTY50 – 24286.50 (+162.65)
October NY world sugar #11 (SBV24) on Wednesday closed down -0.08 (-0.39%), and Aug London ICE white sugar #5 (SWQ24) closed down -8.80 (-1.51%).
Sugar prices Wednesday gave up an early advance and posted moderate losses after the Indian Sugar and Bio-energy Manufacturers Association forecasted India’s 2023-24 sugar reserves at 9.1 MMT and a surplus of 3.6 MMT and urged the government to reconsider permitting exports of surplus sugar.
