Morning Market Update – 07/12/2024

Yesterday’s closing dated – 06/12/2024

◾London White Sugar #5 (SWH25) – 561.00s (+10.80)

◾NYBOT Raw Sugar #11 (SBH25) – 21.81s (+0.61)

◾USD/BRL- 6.0894 (+0.0781)

◾USD/INR – ₹ 84.668 (-0.021)

◾Corn (ZCZ24) – c/lb 430-6s +4-2

◾Ethanol Chicago $/gal – 1.63000s +0.03000

◾Brent Crude – $71.12/bbl (-0.97)

◾BSE Sensex – 81,709.12 (-56.74)

◾NIFTY50 – 24,677.80 (-30.60)

March NY world sugar #11 (SBH25) Friday closed up +0.61 (+2.88%), and March London ICE white sugar #5 (SWH25) closed up +10.80 (+1.96%).

Sugar prices Friday jumped to 1-week highs and settled sharply higher after updated weather forecasts called for below-normal rain over the next week in Brazil’s Center-South, the country’s main sugar-growing region.

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