Yesterday’s closing dated – 24/09/2024
◾London White Sugar (SWZ24) – 595.40s (+10.90)
◾NYBOT Raw Sugar #11 (SBV24) – 23.12s (+0.57)
◾USD/BRL- 5.4547 (0.0000)
◾USD/INR – 83.629 (+0.091)
◾Brent Crude – 75.17 (+1.27)
◾BSE Sensex – 84914.04 (-14.57)
◾NIFTY50 – 25940.40 (+1.35)
On Tuesday, October NY world sugar #11 (SBV24) closed up by +0.57 (+2.53%), while December London ICE white sugar #5 (SWZ24) rose by +10.90 (+1.86%).
Sugar prices saw moderate increases on Tuesday, with NY sugar reaching a 6-3/4 month peak. Drought conditions in Brazil have lowered the country’s sugar production forecasts, contributing to the rise in sugar prices.
