Morning Market Update – 27/08/2024

Yesterday’s closing dated – 26/08/2024

◾London White Sugar (SWV24) – 525.70s (unch)

◾NYBOT Raw Sugar #11 (SBV24) – 19.04s (+0.65)

◾USD/BRL- 5.4950 (0.0000)

◾USD/INR – 83.872 (+0.058)

◾Brent Crude – 81.43 (+2.41)

◾BSE Sensex – 81698.11 (+611.90)

◾NIFTY50 – 25010.60 (+187.45)

October NY world sugar #11 (SBV24) on Monday closed up +0.65 (+3.53%). Oct London ICE white sugar #5 (SWV24) did not trade Monday, with markets in the UK closed for a bank holiday.

NY sugar today jumped to a 3-week high as massive fires caused by drought and excessive heat damaged some sugar crops in Brazil’s top sugar-producing state of Sao Paulo.

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