Yesterday’s closing dated –16/10/2023
◾London White Sugar – 725.00s (-2.30)
◾NYBOT Raw Sugar #11 – 27.05 (+0.02)
◾USD/BRL- 5.0390 (+0.0013)
◾USD/INR – 83.28 (+0.002)
◾Brent Crude – 89.65 (-1.24)
◾BSE Sensex – 66,166.93 (-115.81)
◾NIFTY50 – 19,731.75 (-19.30)
Sugar prices on Monday settled little changed. A weaker dollar on Monday was supportive for most commodities, including sugar. However, sugar prices continue to be undercut by ramped-up sugar production in Brazil.
