Yesterday’s closing dated –27/02/2024
◾London White Sugar – 631.70s (+7.20)
◾NYBOT Raw Sugar #11 – 23.84s (+0.69)
◾USD/BRL- 4.9338 (-0.0461)
◾USD/INR – 82.884 (+0.006)
◾Brent Crude – 83.65 (+1.12)
◾BSE Sensex – 73095.22 (+305.09)
◾NIFTY50 – 22198.35 (+76.30)
March NY world sugar #11 (SBH24) on Tuesday closed up +0.69 (+2.98%), and May London ICE white sugar #5 (SWK24) closed up +7.20 (+1.15%).
Sugar prices on Tuesday extended Monday’s gains, with NY sugar posting a 2-week high and London sugar posting a 1-week high. Sugar rallied Tuesday on positive carryover from Monday when Sucden predicted that India’s 2024/25 sugar production would fall -15.3% y/y to 28 MMT.
