Yesterday’s closing dated – 05/10/2021
◾London White Sugar – $507.50 (+4.90)
◾NYBOT Raw Sugar #11 – 19.85 (+0.16)
◾USD/BRL – 5.46864 (+0.0135)
◾USD/INR – 74.554 (-0.0152)
◾BSE Sensex – 59,744.88 (+455.56)
◾NIFTY50 – 17,822.30 (+131.05)
Morning Market Update – 06/10/2021
I think the price of sugar could go up more, because Brazil has less sugar and eighty The demand for sugar is very high so it seems that very soon the number 11 sugar will reach 21 USD.
I do agree with prodip saha comment that till April 2022 the rates of sugar may increase.