Morning Market Update- 17/01/2024

Yesterday’s closing dated –16/01/2024

◾London White Sugar – 644.40s (+18.20)

◾NYBOT Raw Sugar #11 – 22.52s (+0.91)

◾USD/BRL-4.9263 (+0.0005)

◾USD/INR – 83.0700 (+0.1900)

◾Brent Crude – 78.29 (+0.14)

◾BSE Sensex – 73128.77 (-199.17)

◾NIFTY50 – 22032.30 (-65.15)

Sugar prices on Tuesday surged to 1-month highs and settled sharply higher. Sugar prices surged on concern about the disruption to sugar production caused by the current El Nino weather pattern.

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