Yesterday’s closing dated –12/02/2024
◾London White Sugar – 659.00s (-6.50)
◾NYBOT Raw Sugar #11 – 23.56s (-0.46)
◾USD/BRL- 4.9537 +0.0001
◾USD/INR – 83.0025 (-0.0325)
◾Brent Crude – 82.00 (-0.19)
◾BSE Sensex – 71072.49 (-523.00)
◾NIFTY50 – 21616.05 (-166.45)
March NY world sugar #11 (SBH24) on Monday closed down -0.46 (-1.92%), and March London ICE white sugar #5 (SWH24) closed down -6.50 (-0.98%).
Sugar prices on Monday posted moderate losses. On the bearish side for sugar, StoneX last Monday raised its 2023/24 global sugar surplus estimate to 3.4 MMT from a previous estimate of 730,000 MT due to increased sugar output in Brazil.
