Morning Market Update- 05/04/2024

Yesterday’s closing dated –04/04/2024

◾London White Sugar – 650.70s (+3.00)

◾NYBOT Raw Sugar #11 – 22.36s (+0.14)

◾USD/BRL-5.0589 (+0.0052)

◾USD/INR – 83.406 (-0.074)

◾Brent Crude – 90.65 (+1.30)

◾BSE Sensex – 74227.63 +350.81

◾NIFTY50 – 22514.65 +80.00

Sugar prices Thursday finished moderately higher. Strength in the Brazilian real (^USDBRL) boosted sugar futures after the real on Thursday climbed to a 1-week high against the dollar. The stronger real discourages export selling by Brazil’s sugar producers.

 

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