Yesterday’s closing dated –16/04/2024
◾London White Sugar – 570.00s (-10.20)
◾NYBOT Raw Sugar #11 – 19.63s (-0.39)
◾USD/BRL- 5.2867 +0.0042
◾USD/INR – 83.639 +0.132
◾Brent Crude – 90.02 (-0.8)
◾BSE Sensex – 72943.68 (-456.10)
◾NIFTY50 – 22147.90 (-124.60)
May NY world sugar #11 (SBK24) on Tuesday closed down -0.39 (-1.95%), and Aug London ICE white sugar #5 (SWQ24) closed down -10.20 (-1.76%).
Sugar prices posted moderate losses on Tuesday, with NY sugar falling to a 15-month low and London sugar dropping to a 13-month low. Improving supply prospects are hammering sugar prices.
