Morning Market Update- 27/06/2024

Yesterday’s closing dated – 26/06/2024

◾London White Sugar – 569.20s (+7.50)

◾NYBOT Raw Sugar #11 – 19.24s (+0.14)

◾USD/BRL- 5.5243 (+0.0049)

◾USD/INR – 83.573 (+0.152)

◾Brent Crude – 85.25 (+0.24)

◾BSE Sensex – 78674.25 (+620.73)

◾NIFTY50 – 23868.80 (+147.50)

July NY world sugar #11 (SBN24) on Wednesday closed up +0.14 (+0.73%), and Aug London ICE white sugar #5 (SWQ24) closed up +7.50 (+1.34%).

Sugar prices Wednesday recovered from early losses and settled moderately higher when India’s agricultural agency reported the spread of a fungus crop disease called red rot through India’s Uttar Pradesh state, a key sugar-growing region.

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