Morning Market Update- 04/04/2024

Yesterday’s closing dated –03/04/2024

◾London White Sugar – 647.70s (+3.80)

◾NYBOT Raw Sugar #11 – 22.22s (-0.10)

◾USD/BRL-5.0409 (+0.0016)

◾USD/INR – 83.523 (+0.171)

◾Brent Crude – 89.35 (+0.43)

◾BSE Sensex – 73876.82 (-27.09)

◾NIFTY50 – 22434.65 (-18.65)

Sugar prices on Wednesday settled mixed. Better-than-expected sugar production in Thailand weighed on coffee prices Wednesday after Vietnam’s Office of the Cane and Sugar Board reported that Thailand’s 2023/24 sugar production from Dec-Mar was 8.75 MMT, above a Feb estimate from the Thai Sugar Millers Corp for sugar production of 7.5 MMT.

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