Yesterday’s closing dated –12/10/2023
◾London White Sugar – 711.20s (+1.90)
◾NYBOT Raw Sugar #11 – 26.35s (-0.05)
◾USD/BRL- 5.0475 (-0.0015)
◾USD/INR – 83.24 (-0.0550)
◾Brent Crude – 86.00 (+0.18)
◾BSE Sensex – 66,408.39 (-64.66)
◾NIFTY50 – 19,794.00 (-17.35)
Sugar prices Thursday settled mixed. A stronger dollar (DXY00) Thursday was bearish for most commodity prices, including sugar. Unica’s latest report, released on Tuesday, shows a surge in Brazil’s Center-South sugar production for the second half of September, showing a 98% year-on-year increase, reaching 3.364 million metric tons (MMT). Moreover, sugar output for the 2023/24 crop year through September saw a substantial year-on-year rise of 23.8%, amounting to 32.615 MMT.
