Morning Market Update- 12/04/2024

Yesterday’s closing dated –11/04/2024

◾London White Sugar – 628.10s (-4.40)

◾NYBOT Raw Sugar #11 – 20.85s (-0.61)

◾USD/BRL- 5.0919 (+0.0003)

◾USD/INR – 83.363 (+0.016)

◾Brent Crude – 89.74 (-0.74)

◾BSE Sensex – 75,038.15 (+354.45)

◾NIFTY50 – 22,753.80 (+111.05)

Sugar prices posted moderate losses on Thursday, with NY sugar falling to a 1-month low and London sugar falling to a 3-week low. Sugar prices have been under pressure since last Wednesday when Thailand’s Office of the Cane and Sugar Board reported that Thailand’s 2023/24 sugar production from Dec-Mar was 8.75 MMT, above a Feb estimate from the Thai Sugar Millers Corp for sugar production of 7.5 MMT.


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