Morning Market Update – 14/06/2023

Yesterday’s closing dated –13/06/2023

◾London White Sugar – 680.00s (-4.60)
◾NYBOT Raw Sugar #11 – 24.77s (-0.38)
◾USD/BRL – 4.8628 (+0.0015)
◾USD/INR – 82.314 (-0.029)
◾WTI Crude – 69.19 (+2.07)
◾BSE Sensex – 63,143.16 (+418.45)
◾NIFTY50 – 18,716.15 (+114.65)

News highlights of June 13

Daily Sugar Market Update By Vizzie – 13/06/2023

Mr. Prasad Ghawate highlights role of chemicals in biofuel production at India Biofuel Meet 2023

Bangladesh traders demand hike in sugar prices

Malaysian lawmakers raise concern over allowing refineries to sell conventional as well as non-price-controlled sugar

Cyclone Biparjoy: IMD issues Orange alert for Saurashtra, Kutch coasts in Gujarat

Government puts stock limits on wheat to prevent hoarding

Mysugar likely to start cane crushing by June end

Nitin Gadkari advocates for increased focus on ethanol production to strengthen economic condition of country

Richa Sharma appointed as Additional Secretary, Department of Food and Public Distribution

Doiwala sugar mill to clear pending cane dues soon

Decline in sugarcane cultivation despite timely payments and subsidies