Yesterday’s closing dated – 10/10/2024
◾London White Sugar (SWZ24) – 566.70s (+2.80)
◾NYBOT Raw Sugar #11 (SBH25) – 22.16s (+0.12)
◾USD/BRL- 5.5831 (+0.0011)
◾USD/INR – 83.960 (+0.005)
◾Brent Crude – 79.40 (+2.82)
◾BSE Sensex – 81611.41 (+144.31)
◾NIFTY50 – 24998.45 (+16.50)
March NY world sugar #11 (SBH25) Thursday closed up +0.12 (+0.54%), and December London ICE white sugar #5 (SWZ24) closed up +2.80 (+0.50%).
Sugar prices posted moderate gains on Thursday, supported by strength in crude oil. WTI crude (CLX24) rose more than +3% Thursday, which benefits ethanol prices and may prompt the world’s sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
