Morning Market Update- 12/03/2024

Yesterday’s closing dated –11/02/2024

◾London White Sugar – 617.10s (+19.60)

◾NYBOT Raw Sugar #11 – 21.95s (+0.80)

◾USD/BRL- 4.9794 (+0.0023)

◾USD/INR – 82.743 (-0.009)

◾Brent Crude – 82.21 (+0.13)

◾BSE Sensex – 73502.64 (-616.75)

◾NIFTY50 – 22332.65 (-160.90)

May NY world sugar #11 (SBK24) on Monday closed up +0.80 (+3.78%), and May London ICE white sugar #5 (SWK24) closed up +19.60 (+3.28%).

Sugar prices Monday rallied to a 1-1/2 week high on some short-covering after last week’s 2-month low.

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