Yesterday’s closing dated – 22/05/2024
◾London White Sugar – 541.50s (-2.90)
◾NYBOT Raw Sugar #11 – 18.23s (-0.33)
◾USD/BRL- 5.1536 (+0.0032)
◾USD/INR –83.273 (-0.048)
◾Brent Crude – 81.90 (-0.98)
◾BSE Sensex – 74221.06 (+267.75)
◾NIFTY50 – 22597.80 (+68.75)
July NY world sugar #11 (SBN24) on Wednesday closed down -0.33 (-1.78%), and Aug London ICE white sugar #5 (SWQ24) closed down -2.90 (-0.53%).
Sugar prices Wednesday were under moderate pressure from weakness in the Brazilian real and an improved global supply outlook. On Wednesday, the real (^USDBRL) fell to a 1-week low against the dollar, encouraging export selling from Brazil’s sugar producers.
