Morning Market Update- 1/11/2023

Yesterday’s closing dated –31/10/2023

◾London White Sugar – 733.00s (+7.60)

◾NYBOT Raw Sugar #11 – 27.09s (+0.34)

◾USD/BRL- 5.0357 (+0.0007)

◾USD/INR – 83.25 (unchanged)

◾Brent Crude – 87.41 (-0.04)

◾BSE Sensex – 63874.93 (-237.72)

◾NIFTY50 – 19079.60 (-61.30)

Sugar prices Tuesday posted moderate gains on concern Thailand might soon limit sugar exports. Thailand’s deputy commerce minister said the country would categorize sugar as a controlled commodity in an attempt to control inflation and maintain food security, which would require a regulating panel to approve Thailand’s sugar exports of a ton or more.


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