Yesterday’s closing dated –26/02/2024
◾London White Sugar – 624.50s (+12.40)
◾NYBOT Raw Sugar #11 – 23.15s (+0.53)
◾USD/BRL- 4.9802 (-0.0149)
◾USD/INR – 82.877 (-0.005)
◾Brent Crude – 82.53 (+0.91)
◾BSE Sensex – 72790.13 (-352.67)
◾NIFTY50 – 22122.05 (-90.65)
March NY world sugar #11 (SBH24) on Monday closed up +0.53 (+2.34%), and May London ICE white sugar #5 (SWK24) closed up +12.40 (+2.03%).
Sugar prices rallied Monday, with NY sugar posting a 1-week high. There was fresh concern about reduced sugar production in India after Sucden Monday predicted India’s 2024/25 sugar production would fall -15.3% y/y to 28 MMT.
