Yesterday’s closing dated –17/11/2023
◾London White Sugar – 736.60s (+2.90)
◾NYBOT Raw Sugar #11 – 27.18s (-0.01)
◾USD/BRL- 4.9064 (+0.0432)
◾USD/INR – 83.27 (+0.0375)
◾Brent Crude – 80.61 (+3.19)
◾BSE Sensex – 65,794.73 (-187.75)
◾NIFTY50 – 19,731.80 (-33.40)
Sugar prices Friday settled mixed. Sugar prices have been under pressure since Wednesday when the International Sugar Organization (ISO) raised its 2023/24 global sugar production (Oct-Sep) estimate to 179.9 MMT from a previous estimate of 174.8 MMT and cut its 2023/24 global sugar deficit to -335,000 MT from a prior forecast of -2.1 MMT.
