Yesterday’s closing dated –17/04/2024
◾London White Sugar –559.30s (-10.70)
◾NYBOT Raw Sugar #11 – 19.32s (-0.31)
◾USD/BRL- 5.2333 (-0.0088)
◾USD/INR – 83.517 (-0.035)
◾Brent Crude – 87.29 (-2.73)
◾BSE Sensex – 72943.68 (-456.10)
◾NIFTY50 – 22147.90 (-124.60)
May NY world sugar #11 (SBK24) on Wednesday closed down -0.31 (-1.58%), and Aug London ICE white sugar #5 (SWQ24) closed down -10.70 (-1.88%).
Sugar prices Wednesday extended their 2-week plunge, with NY sugar posting a 15-month low and London sugar posting a 14-month low. Improved supply prospects are hammering sugar prices.
