Yesterday’s closing dated –08/12/2023
◾London White Sugar – 654.40s (+8.30)
◾NYBOT Raw Sugar #11 – 23.36s (+0.33)
◾USD/BRL- 4.9322 (+0.0207)
◾USD/INR – 83.3850 (+0.0325)
◾Brent Crude – 75.84 (+1.79)
◾BSE Sensex – 69825.60 (+303.91)
◾NIFTY50 – 20969.40 (+68.25)
Sugar prices Thursday slumped to a 5-month low on easing sugar supply concerns. Sugar prices have sold off sharply over the past week after Conab last Wednesday raised its 2023/24 Brazil sugar production estimate by +15% to 46.9 MMT from an August estimate of 40.9 MMT.
