Morning Market Update- 09/07/2024

Yesterday’s closing dated – 08/07/2024

◾London White Sugar (SWQ24) – 560.70s (-14.30)

◾NYBOT Raw Sugar #11 (SBV24) – 20.13s (-0.01)

◾USD/BRL- 5.4719 (+0.0020)

◾USD/INR – 83.469 (-0.008)

◾Brent Crude – 85.75 (-0.79)

◾BSE Sensex – 79960.38 (-36.22)

◾NIFTY50 – 24320.55 (-3.30)

October NY world sugar #11 (SBV24) on Monday closed down -0.01 (-0.05%), and Aug London ICE white sugar #5 (SWQ24) closed down -14.30 (-2.49%).

Sugar prices Monday fell to 1-week lows as above-normal monsoon rain in India may boost sugar output in India and is bearish for sugar prices.

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