Morning Market Update – 12/09/2024

Yesterday’s closing dated – 11/09/2024

◾London White Sugar (SWV24) – 529.10s (+10.50)

◾NYBOT Raw Sugar #11 (SBV24) – 18.73s (+0.26)

◾USD/BRL- 5.6618 (0.0000)

◾USD/INR – 83.953 (-0.035)

◾Brent Crude – 70.61 (+1.42)

◾BSE Sensex – 81523.16 (-398.13)

◾NIFTY50 – 24918.45 (-122.65)

October NY world sugar #11 (SBV24) Wednesday closed up +0.26 (+1.41%), and Oct London ICE white sugar #5 (SWV24) closed up +10.50 (+2.02%).

Sugar prices Wednesday posted moderate gains. Wednesday’s rally of more than +2% in crude oil prices (CLV24) sparked short covering in sugar futures.

LEAVE A REPLY

Please enter your comment!
Please enter your name here