Morning Market Update- 05/01/2024

Yesterday’s closing dated –04/01/2024

◾London White Sugar – 607.10s (+6.30)

◾NYBOT Raw Sugar #11 – 21.08s (+0.23)

◾USD/BRL- 4.8973 (0.0000)

◾USD/INR – 83.23 (-0.05)

◾Brent Crude – 77.59 (0.66)

◾BSE Sensex – 71,847.57 (+490.97)

◾NIFTY50 – 21,658.60 (+141.25)

Sugar prices on Thursday closed moderately higher on positive carryover from Tuesday on signs of smaller sugar production in India after the National Federation of Cooperative Sugar Factories reported India’s sugar production from Oct 1-Dec 31 fell -7.6% y/y to 11.2 MMT.

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