Daily Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Monday, 21st January 2019

Domestic: The week began with a downtrend of Rs. 20 to 30 per qntl. The rates millers quoted today were as follows, Kolhapur belt ₹2900 to ₹2920, Pune-Ahmednagar belt ₹2920 to ₹2940. In Uttar Pradesh, M/30 was traded at ₹3170 to 3200. In Gujarat, S/30 was traded at ₹3040. (Rates are excluding GST). Meanwhile, In Kolkata, S/30 was traded at ₹3440-₹3450. (Including all taxes)

• International: The market began holding a flatness continued from last week. London White Sugar is trading at $354.70, whereas US Sugar is trading at $13.03.

The FOB indication for raw sugar was at $298-$302 and Indian White Sugar at $312-$316

The demand of Raw Sugar range was ₹18300-18500/mt and White Sugar ₹19300-₹19500/MT on Ex.factory basis.

• Currency & Commodity: The rupee weakened by 9 paise to close at 71.28 against the US dollar amid a rise in demand for the greenback from exporters and unabated foreign fund outflows meanwhile USD traded with BRL at 3.774, Crude Futures traded at ₹3887, WTI $54.31

• Looking at indices, the 30-share index settled at 36578 up 192.35 points. The Nifty closed the session with a rise of 54.90 points at 10961.

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SOURCEChiniMandi

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