Morning Market Update- 15/05/2024

Yesterday’s closing dated – 14/05/2024

◾London White Sugar – 553.00s (+3.00)

◾NYBOT Raw Sugar #11 – 18.87s (+0.24)

◾USD/BRL- 5.1294 (-0.0005)

◾USD/INR – 83.508 (+0.003)

◾Brent Crude – 82.38 (-0.98)

◾BSE Sensex – 73104.61 (+328.48)

◾NIFTY50 – 22217.85 (+113.80)

July NY world sugar #11 (SBN24) on Tuesday closed up +0.24 (+1.29%), and Aug London ICE white sugar #5 (SWQ24) closed up +3.00 (+0.55%).

Sugar prices Tuesday recovered from early losses and settled moderately higher as a fall in the dollar index (DXY00) to a 1-week low sparked short covering in sugar futures

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