Yesterday’s closing dated –05/01/2024
◾London White Sugar – 607.10s (unch)
◾NYBOT Raw Sugar #11 – 21.11s (+0.03)
◾USD/BRL- 4.8749 (-0.0219)
◾USD/INR – 83.1500 (-0.0800)
◾Brent Crude – 78.76 (+1.17)
◾BSE Sensex – 72026.15 (+178.58)
◾NIFTY50 – 21710.80 (+52.20)
Sugar prices on Friday settled little changed. Strength in crude oil supports sugar prices as WTI crude (CLG24) Friday rallied to a 1-week high. Higher crude prices benefit ethanol and may prompt the world’s sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.
