Yesterday’s closing dated – 18/11/2024
◾London White Sugar #5 (SWH25) – 573.50s (+18.50)
◾NYBOT Raw Sugar #11 (SBH25) – 22.20s (+0.62)
◾USD/BRL- 5.7473 (-0.0005)
◾USD/INR – ₹ 84.424 (-0.047)
◾Corn (ZCZ24) – c/lb 428-6 -0-4
◾Ethanol Chicago $/gal – 1.68500s (+0.04250)
◾Brent Crude – $73.30/bbl (+2.26)
◾BSE Sensex – 77339.01 -241.30
◾NIFTY50 – 23453.80 (-78.90)
March NY world sugar #11 (SBH25) Monday closed up +0.62 (+2.87%), and March London ICE white sugar #5 (SWH25) closed up +18.50 (+3.33%).
Sugar prices Monday rallied to 1-week highs on the prospects of further seasonal mill closures in Brazil to curb sugar production. Wilmar International projects the number of closed sugar mills in Brazil, currently at 38, to more than triple this month, sharply reducing the country’s sugar output.
