Daily Market Update By ‘Vizzie’

ChiniMandi, Mumbai – Thursday, 20th Dec. 2018

• Domestic: Today the market had quiet demand nationwide. Maharashtra market is trading at ₹2900-2920. In Uttar pradesh, M/30 Sugar was traded at ₹3020 to ₹3080 In Chennai S/30 traded at ₹3140-3180 (Rates are excluding GST).

• International: The market has had no major movements however there has been pressure on ex factory prices due to weakness in realisation of dollar. London White Sugar traded at $341, whereas US Sugar Traded $12.41

• The FOB indication for raw sugar was at $296-$302 & Indian White Sugar at $312-$315

The demand of Raw Sugar range was ₹18600-18800/mt & White Sugar ₹19300-₹19500/MT on Ex.factory basis.

• Currency & Commodity: USD/INR 69.73 , USD/BRL 3.851, Crude Futures traded at ₹3280, WTI $46.87

• Equity:The BSE Sensex, which had dropped more than 250 points in morning trade, closed at 36431 down by 52 points. Nifty slipped by 15.60 points and closed at 10951.

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