Morning Market Update- 21/10/2023

Yesterday’s closing dated –20/10/2023

◾London White Sugar – 726.50s (-11.30)

◾NYBOT Raw Sugar #11 – 26.85s (-0.44)

◾USD/BRL- 5.0327 (-0.0319)

◾USD/INR – 83.12 (-0.12)

◾Brent Crude – 92.16 (-0.22)

◾BSE Sensex – 65,397.62 (-231.62)

◾NIFTY50 – 19,542.65 (-82.05)

Sugar prices on Friday extended Thursday’s losses on negative carryover from Thursday when India’s Food Secretary said his country is not likely to face any shortage of sugar in the domestic market, which opens up the possibility it may resume sugar exports.

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