Yesterday’s closing dated –18/10/2023
◾London White Sugar – 741.80s (+2.90)
◾NYBOT Raw Sugar #11 – 27.48s (-0.01)
◾USD/BRL- 5.0598 (+0.0007)
◾USD/INR – 83.27 (-0.002)
◾Brent Crude – 91.50 (+1.60)
◾BSE Sensex – 65877.02 (-551.07)
◾NIFTY50 – 19671.10 (-140.40)
Sugar prices reached one-month highs on Wednesday but ended with a mixed performance. Sugar on Wednesday initially moved higher on the outlook for reduced sugar supplies from India after India’s Directorate General of Foreign Trade said the government will continue its curbs on sugar exports beyond Oct 31. However, sugar prices gave up most of their gains when the Directorate General did not mention how long the export restrictions would last or the amount of sugar exports India would allow for the 2023/24 season.
