Morning Market Update- 31/10/2023

Yesterday’s closing dated –30/10/2023

◾London White Sugar – 725.40s (-16.40)

◾NYBOT Raw Sugar #11 – 26.75s (-0.59)

◾USD/BRL-5.0475 (0.0000)

◾USD/INR – 83.25 (+0.0050)

◾Brent Crude – 87.45 (-3.03)

◾BSE Sensex – 64112.65 (+329.85)

◾NIFTY50 – 19140.90 (+93.65)

Sugar prices Monday fell sharply, weighed down by weakness in the Brazilian real and crude prices. On Monday, the real (^USDBRL) fell to a 1-week low against the dollar, encouraging export selling by Brazil’s sugar producers.

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