Morning Market Update- 27/04/2024

Yesterday’s closing dated – 26/04/2024

◾London White Sugar –563.70s (+0.10)

◾NYBOT Raw Sugar #11 – 19.40s (-0.08)

◾USD/BRL- 5.1159 (-0.0443)

◾USD/INR – 83.404 (+0.133)

◾Brent Crude – 89.50 (+0.49)

◾BSE Sensex – 73,730.16 (-609.28)

◾NIFTY50 – 22,419.95 (-150.40)

May NY world sugar #11 (SBK24) on Friday closed down -0.08 (-0.51%), and Aug London ICE white sugar #5 (SWQ24) closed up +0.10 (+0.02%).

Sugar prices on Friday settled mixed. Sugar futures came under pressure Friday after Unica reported that 2024/25 Brazil sugar production in the first half of April jumped +31.0% y/y.

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