Yesterday’s closing dated – 15/10/2024
◾London White Sugar (SWZ24) – 577.70s (+2.40)
◾NYBOT Raw Sugar #11 (SBH25) – 22.82s (+0.43)
◾USD/BRL- 5.6502 (0.0000)
◾USD/INR – 84.046 (-0.019)
◾Brent Crude – 74.25 (-3.21)
◾BSE Sensex – 81820.12 (-152.93)
◾NIFTY50 – 25057.35 (-70.60)
March NY world sugar #11 (SBH25) Tuesday closed up +0.43 (+1.92%), and December London ICE white sugar #5 (SWZ24) closed up +2.40 (+0.42%).
Sugar prices posted moderate gains on Tuesday, with NY sugar climbing to a 1-week high. Sugar has carryover support from Monday when food processor Wilmar International cut its 2024/25 Brazil Center-South sugar production estimate to 38.2 MMT-39.5 MMT from a September estimate of 38.3 MMT-40.8 MMT, citing limited rain and high temperatures.
