Morning Market Update – 14/08/2024

Yesterday’s closing dated – 13/08/2024

◾London White Sugar (SWV24) – 523.10s (+3.70)

◾NYBOT Raw Sugar #11 (SBV24) – 18.39s (+0.10)

◾USD/BRL- 5.4538 (0.0000)

◾USD/INR – 83.954 (+0.012)

◾Brent Crude – 80.69 (-1.61)

◾BSE Sensex – 78956.03 (-692.89)

◾NIFTY50 – 24139.00 (-208.00)

October NY world sugar #11 (SBV24) on Tuesday closed up +0.10 (0.55%), and Oct London ICE white sugar #5 (SWV24) closed up +3.70 (+0.07).

Sugar prices Tuesday posted moderate gains on strength in the Brazilian real (^USDBRL). The real rose to a 3-1/2 week high against the dollar Tuesday, discouraging export selling from Brazil’s sugar producers.

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