Yesterday’s closing dated – 15/07/2024
◾London White Sugar (SWQ24) – 571.60s (+24.00)
◾NYBOT Raw Sugar #11 (SBV24) – 19.76s (+0.56)
◾USD/BRL- 5.4488 (+0.0040)
◾USD/INR – 83.585 (+0.066)
◾Brent Crude – 84.85 (-0.18)
◾BSE Sensex – 80664.86 (+142.52)
◾NIFTY50 – 24586.70 (+84.55)
October NY world sugar #11 (SBV24) on Monday closed up +0.56 (+2.92%), and Aug London ICE white sugar #5 (SWQ24) closed up +24.00 (+4.38%).
Sugar prices recovered from early losses on Monday and moved sharply higher. Sugar prices rallied Monday on below-normal monsoon rain in India. The Indian Meteorological Department reported Monday that India received 287.7 mm of rain during the current monsoon season as of July 15, down -2% from the comparable long-term average of 294.2 mm.
