Yesterday’s closing dated – 07/11/2024
◾London White Sugar #5 (SWZ24) – 562.90s (+7.10)
◾NYBOT Raw Sugar #11 (SBH25) – 22.20s (+0.17)
◾USD/BRL- 5.6926 (+0.0003)
◾USD/INR – 84.319 (+0.003)
◾Brent Crude – 75.63 (+0.71)
◾BSE Sensex – 79541.79 (-836.34)
◾NIFTY50 – 24199.35 (-284.70)
March NY world sugar #11 (SBH25) Thursday closed up +0.17 (+0.77%), and December London ICE white sugar #5 (SWZ24) closed up +7.10 (+1.28%).
Sugar prices posted moderate gains Thursday as a rally in the Brazilian real (^USDBRL) to a 2-1/2 week high against the dollar prompted short covering in sugar futures. The stronger real discourages export selling from Brazil’s sugar producers.
