Morning Market Update- 10/11/2023

Yesterday’s closing dated –09/11/2023

◾London White Sugar – 756.60s (+7.60)

◾NYBOT Raw Sugar #11 – 27.78s (+0.57)

◾USD/BRL- 4.9345 (+0.0003)

◾USD/INR – 83.28 (+0.0075)

◾Brent Crude – 80.01 (+0.47)

◾BSE Sensex – 64832.20 (-143.41)

◾NIFTY50 – 19395.30 (-48.20)

Sugar prices Thursday pushed higher and are just below Tuesday’s 12-year highs. Sugar prices on Tuesday rallied to 12-year highs on the outlook for tighter global sugar supplies. Congestion in Brazil’s ports is limiting sugar exports as a report from Green Pool Commodity Specialists said Brazil’s October sugar exports fell -10% from September.

 

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