Morning Market Update- 25/05/2024

Yesterday’s closing dated – 24/05/2024

◾London White Sugar – 545.90s (+6.20)

◾NYBOT Raw Sugar #11 – 18.41s (+0.15)

◾USD/BRL- 5.1649 (+0.0207)

◾USD/INR – 83.103 (-0.189)

◾Brent Crude – 82.09 (+0.73)

◾BSE Sensex – 75410.39 (-7.65)

◾NIFTY50 – 22957.10 (-10.55)

July NY world sugar #11 (SBN24) on Friday closed up +0.15 (+0.82%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24) closed up +6.20 (+1.15%).

Sugar prices on Friday recovered from 1-week lows and posted moderate gains as a weaker dollar (DXY00) sparked short covering in sugar futures.

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