Yesterday’s closing dated –26/12/2023
◾London White Sugar – Market closed for Boxing Day Celebrations
◾NYBOT Raw Sugar #11 –20.53s -0.09 (-0.44%)
◾USD/BRL- 4.8145 0.0005 (0.01%)
◾USD/INR – 83.239 +0.020 (+0.02%)
◾Brent Crude – 80.79 -0.06 (-0.07%)
◾BSE Sensex – 71,336.8 (+229.84 points)
◾NIFTY50 –21,441.35 (+91.95 points)
NY sugar on Tuesday tumbled to a 9-3/4 month low on account of robust sugar production in Brazil. Unica reported Brazil’s Center-South sugar output surged +205% year on year in the first half of December and that sugar output in the 2023-24 crop year through mid-December rose +25.2% year on year to 41.746 MMT. Meanwhile, Brazil exported 3.7 MMT of sugar in November, marking a new record for the month.
