Yesterday’s closing dated –25/03/2024
◾London White Sugar – 641.40s (+2.50)
◾NYBOT Raw Sugar #11 – 21.95s (+0.10)
◾USD/BRL- 4.9767 (+0.0016)
◾USD/INR – 83.551 (+0.323)
◾Brent Crude – 86.75 (+1.32)
◾BSE Sensex – 72831.94 (+190.75)
◾NIFTY50 – 22096.75 (+84.80)
Sugar prices on Monday posted moderate gains as US sugar producers called for a reduction in sugar imports from Mexico. The American Sugar Coalition wants the government to lower the amount of sugar Mexico can send to the US by 44%, which would likely boost prices and require the US to purchase sugar from other countries, tapping already tight global sugar supplies.
