Yesterday’s closing dated – 04/11/2024
◾London White Sugar #5 (SWZ24) – 555.50s (-2.50)
◾NYBOT Raw Sugar #11 (SBH25) – 21.93s (-0.14)
◾USD/BRL- 5.7916 (-0.0005)
◾USD/INR – 84.115 (-0.019)
◾Brent Crude – 75.08 (+1.98)
◾BSE Sensex – 78782.24 (-941.88)
◾NIFTY50 – 23995.35 (-309.00)
March NY world sugar #11 (SBH25) Monday closed down -0.14 (-0.63%), and December London ICE white sugar #5 (SWZ24) closed down -2.50 (-0.45%).
Sugar prices Monday fell moderately, with NY sugar posting a 1-1/2 week low and London sugar posting a 1-1/2 month low. Forecasts for beneficial rain in Brazil’s Center-South are undercutting sugar prices. On Monday, forecaster Climatempo said rain will continue in Brazil’s Center-South region over the next few days. Brazil’s Center-South is the country’s main sugar-producing region.
