Yesterday’s closing dated –11/01/2024
◾London White Sugar – 622.90s (+9.80)
◾NYBOT Raw Sugar #11 – 21.76s (+0.35)
◾USD/BRL- 4.8712 (+0.0012)
◾USD/INR – 83.03 (-0.01)
◾Brent Crude – 77.41 (+0.61)
◾BSE Sensex – 71,721.18 (+63.47)
◾NIFTY50 – 21,647.20 (+28.50)
Sugar prices on Thursday recovered from early losses and closed higher as strength in the Brazilian real sparked short covering in sugar futures. On Thursday, the real (^USDBRL) rallied to a 1-week high against the dollar, discouraging export selling from Brazil’s sugar producers.
