Morning Market Update- 16/04/2024

Yesterday’s closing dated –15/04/2024

◾London White Sugar – 615.20s (-13.90)

◾NYBOT Raw Sugar #11 – 20.02s (-0.43)

◾USD/BRL- 5.1851 (+0.0004)

◾USD/INR – 83.470 (-0.142)

◾Brent Crude – 90.10 (-0.35)

◾BSE Sensex – 73399.78 (-845.12)

◾NIFTY50 – 22272.50 (-246.90)

Sugar prices are moderately lower, with NY sugar dropping to a 13-1/2 month low and London sugar falling to a 13-month low. Increased sugar output in Brazil is undercutting sugar prices.

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