Yesterday’s closing dated –26/03/2024
◾London White Sugar – 653.40s (+12.00)
◾NYBOT Raw Sugar #11 – 22.39s (+0.44)
◾USD/BRL- 4.9771 (-0.0037)
◾USD/INR – 83.306 (-0.111)
◾Brent Crude – 86.25 (-0.50)
◾BSE Sensex – 72470.30 (-361.64)
◾NIFTY50 – 22004.70 (-92.05)
Sugar prices Tuesday extended Monday’s rally, with NY sugar climbing to a 1-month high and London sugar posting a 6-week high. Sugar rallied Tuesday on carryover support from Monday when US sugar producers called for a reduction in sugar imports from Mexico. The American Sugar Coalition called on the US 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.
