Morning Market Update – 19/10/2024

Yesterday’s closing dated – 18/10/2024

◾London White Sugar (SWZ24) – 566.60s (+0.90)

◾NYBOT Raw Sugar #11 (SBH25) – 22.18s (+0.02)

◾USD/BRL- 5.6912 (+0.0366)

◾USD/INR – 84.065 (-0.002)

◾Brent Crude – 73.06 (-1.39)

◾BSE Sensex – 81224.75 +218.14

◾NIFTY50 – 24854.05 (+104.20)

March NY world sugar #11 (SBH25) Friday closed up +0.02 (+0.09%), and December London ICE white sugar #5 (SWZ24) closed up +0.90 (+0.16%).

Sugar prices posted modest gains on Friday, as a weaker dollar (DXY00) spurred short covering in sugar futures. On Thursday, NY sugar fell to a 4-week low, and London sugar slid to a 1-week low on forecasts for rain in Brazil.

 

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