Yesterday’s closing dated –22/03/2024
◾London White Sugar – 638.90s (-1.10)
◾NYBOT Raw Sugar #11 – 21.85s (-0.21)
◾USD/BRL- 4.9998 (+0.0217)
◾USD/INR – 83.551 (+0.323)
◾Brent Crude – 85.56 (-0.22)
◾BSE Sensex – 72831.94 (+190.75)
◾NIFTY50 – 22096.75 (+84.80)
Sugar prices Friday gave up an early advance and posted moderate losses as a rally in the dollar index (DXY00) to a 5-week high sparked long liquidation in sugar futures. Sugar initially moved higher Friday, with London sugar posting a 1-month high, on concern about excessive dryness in Brazil based on forecasts for limited rain over the next week in Brazil’s Center-South, the country’s primary sugar-growing region.
