Yesterday’s closing dated – 07/08/2024
◾London White Sugar (SWV24) – 514.50s (+6.90)
◾NYBOT Raw Sugar #11 (SBV24) – 18.14s (+0.27)
◾USD/BRL- 5.6374 (+0.0033)
◾USD/INR – 83.942 (-0.014)
◾Brent Crude – 78.33 (+1.85)
◾BSE Sensex – 79468.01 (+874.94)
◾NIFTY50 – 24315.25 (+322.70)
October NY world sugar #11 (SBV24) Wednesday closed up +0.27 (+1.51%), and Oct London ICE white sugar #5 (SWV24) closed up +6.90 (+1.36%).
Sugar prices Wednesday posted moderate gains due to the strength of the Brazilian real (^USDBRL). Short covering emerged in sugar futures Wednesday after the real rallied to a 1-week high against the dollar, discouraging export selling from Brazil’s sugar producers.
