Morning Market Update- 08/05/2024

Yesterday’s closing dated – 07/05/2024

◾London White Sugar – 585.70s (+13.70)

◾NYBOT Raw Sugar #11 – 19.95s (+0.47)

◾USD/BRL- 5.0747 (+0.0040)

◾USD/INR – 83.489 (+0.013)

◾Brent Crude – 83.16 (-0.17)

◾BSE Sensex – 73511.85 (-383.69)

◾NIFTY50 – 22302.50 (-140.20)

July NY world sugar #11 (SBN24) on Tuesday closed up +0.47 (+2.41%), and Aug London ICE white sugar #5 (SWQ24) closed up +13.70 (+2.40%).

Sugar prices rallied Tuesday to 3-week highs.

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