Yesterday’s closing dated – 06/06/2024
◾London White Sugar – 560.80s (+0.50)
◾NYBOT Raw Sugar #11 – 19.22s (+0.09)
◾USD/BRL- 5.2590 (+0.0029)
◾USD/INR – 83.493 (+0.080)
◾Brent Crude – 79.87 (+1.46)
◾BSE Sensex – 75074.51 (+692.27)
◾NIFTY50 – 22821.40 (+201.05)
July NY world sugar #11 (SBN24) on Thursday closed up +0.09 (+0.47%), and Aug London ICE white sugar #5 (SWQ24) closed up +0.50 (+0.09%).
Sugar prices Thursday extended this week’s rally to new 3-week highs. Sugar prices are seeing risk premiums rise from increasingly volatile weather globally, including in key sugar-producing countries such as Brazil, India, and Vietnam.
