Yesterday’s closing dated –24/01/2024
◾London White Sugar – 685.30s (+15.50)
◾NYBOT Raw Sugar #11 – 24.46s (+0.71)
◾USD/BRL- 4.9340 (-0.0195)
◾USD/INR – 83.121 (-0.025)
◾Brent Crude – 80.04 (+0.49)
◾BSE Sensex – 71060.31 +689.76
◾NIFTY50 – 21453.95 (+215.15)
Sugar prices on Wednesday extended Tuesday’s gains and posted 7-week highs. Sugar prices have carryover support from Tuesday when the Indian Sugar Mills Association (ISMA) reported India’s 2023/24 sugar output during the Oct -Jan 15 period fell -5.3% y/y to 14.95 MMT.
