Yesterday’s closing dated – 09/05/2024
◾London White Sugar – 575.60s (+2.70)
◾NYBOT Raw Sugar #11 – 19.58s (-0.02)
◾USD/BRL- 5.1424 (+0.0011)
◾USD/INR – 83.481 (+0.016)
◾Brent Crude – 83.88 (+0.30)
◾BSE Sensex – 72404.17 (-1062.22)
◾NIFTY50 – 21957.50 (-345.00)
July NY world sugar #11 (SBN24) on Thursday closed down -0.02 (-0.10%), and Aug London ICE white sugar #5 (SWQ24) closed up +2.70 (+0.47%).
Sugar prices Thursday settled mixed. Thursday’s action by Datagro to raise its sugar production estimate for Brazil’s Center-South region is bearish for sugar prices. Datagro hiked its 2024 Center-South sugar production estimate to 41.6 MMT from a March estimate of 40.45 MMT.
