Yesterday’s closing dated – 08/11/2024
◾London White Sugar #5 (SWZ24) – 556.60s (-6.30)
◾NYBOT Raw Sugar #11 (SBH25) – 21.82s (-0.38)
◾USD/BRL-5.7376 (+0.0453)
◾USD/INR – 84.391 (+0.091)
◾Corn (ZCZ24) – c/lb 431-0 (+3-4)
◾Ethanol Chicago $/gal 1.57500s (+0.00500)
◾Brent Crude – $73.87/bbl (-1.76)
◾BSE Sensex – 79486.32 (-55.47)
◾NIFTY50 –24148.20 (-51.15)
March NY world sugar #11 (SBH25) Friday closed down -0.38 (-1.71%), and December London ICE white sugar #5 (SWZ24) closed down -6.30 (-1.12%).
Sugar prices Friday posted moderate losses due to a stronger dollar. Sugar has been under pressure this week, with NY sugar posting a 2-week low Monday and London sugar posting a 1-1/2 month low Wednesday on forecasts for beneficial rain in Brazil’s Center-South that eases concerns about excessive dryness.
