ChiniMandi, Mumbai – Tuesday 4th Dec. 2018
? Domestic: The markets of Maharashtra & Uttar Pradesh are in down trend with very poor demand. Traders in Maharashtra have traded below the MSP with rates ₹2875-2895. Sugar millers are selling their sugar stocks at an open rate of ₹2900 however traders are selling sugar below the MSP and therefore there is no demand for sugar from millers. In Uttar Pradesh, M/30 was traded at ₹3060 to ₹3100 (Rates are excluding GST).
? International: The market has remained flat since the end of the last week. London White Sugar traded at $350.50, whereas US Sugar Traded $12.91
? The FOB indication for raw sugar was at $298-$304 & Indian White Sugar at $313-$318 with rupee getting stronger against dollar.
The demand of Raw Sugar range was ₹18900-19100/mt & White Sugar ₹19700-₹19900/MT on Ex.factory basis.
? Currency & Commodity: USD/INR was traded at 70.69 & USD/BRL 3.831, Domestic Crude Futures ₹3823 (+96), Crude WTI $53.91
? Equity: BSE Sensex closed at 36134 (-106.69 Points) & Nifty closed at 10869 (-14.25 Points)
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