Morning Market Update – 20/11/2024

Yesterday’s closing dated – 19/11/2024

◾London White Sugar #5 (SWH25) – 568.70s (-4.80)

◾NYBOT Raw Sugar #11 (SBH25) – 22.02s (-0.18)

◾USD/BRL- 5.7694 (0.0000)

◾USD/INR – ₹ 84.398 (+0.007)

◾Corn (ZCZ24) – c/lb 426-6 -0-4

◾Ethanol Chicago $/gal – 1.66500s (-0.02000)

◾Brent Crude – $73.31/bbl (+0.01)

◾BSE Sensex – 77,578.38 (+239.38)

◾NIFTY50 – 23518.50 (+64.70)

March NY world sugar #11 (SBH25) Tuesday closed down -0.18 (-0.81%), and March London ICE white sugar #5 (SWH25) closed down -4.80 (-0.84%).

Sugar prices Tuesday fell back from 1-1/2 week highs and settled moderately lower on speculation that increased sugar output in Thailand will keep global sugar supplies ample despite any shortage from seasonal sugar mill closures in Brazil.

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