Morning Market Update – 29/10/2024

Yesterday’s closing dated – 28/10/2024

◾London White Sugar #5 (SWZ24) – 560.20s (-6.00)

◾NYBOT Raw Sugar #11 (SBH25) – 21.96s (-0.18)

◾USD/BRL-5.7096 (0.0000)

◾USD/INR – 84.067 (-0.035)

◾Brent Crude – 71.42 (-4.63)

◾BSE Sensex – 80005.04 (+602.75)

◾NIFTY50 – 24339.15 (+158.35)

March NY world sugar #11 (SBH25) on Monday closed down -0.18 (-0.81%), and December London ICE white sugar #5 (SWZ24) closed down -6.00 (-1.06%).

Sugar prices on Monday saw continued weakness due to ramped-up sugar production in Brazil’s Center-South, the country’s largest sugar-producing region.

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