Morning Market Update – 23/11/2024

Yesterday’s closing dated – 22/11/2024

◾London White Sugar #5 (SWH25) – 553.60s (-0.20)

◾NYBOT Raw Sugar #11 (SBH25) – 21.36s (-0.02)

◾USD/BRL- 5.8010 (-0.0134)

◾USD/INR – ₹ 84.426 (-0.066)

◾Corn (ZCZ24) – c/lb 425-4s -1-2

◾Ethanol Chicago $/gal – 1.58250s (unch)

◾Brent Crude – $75.17 /bbl (+0.94)

◾BSE Sensex – 79,117.11 (+1,961.32)

◾NIFTY50 – 23,907.25 (+557.35)

March NY world sugar #11 (SBH25) Friday closed down -0.02 (-0.09%), and March London ICE white sugar #5 (SWH25) closed down -0.20 (-0.04%).

Sugar prices Friday gave up an early advance and closed slightly lower on negative carryover from Thursday after the International Sugar Organization (ISO) lowered its 2024/25 global sugar deficit forecast and raised its 2023/24 global sugar surplus estimate.

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