Daily Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Thursday, 29th Nov. 2018

? Domestic: With the anticipation of the upcoming month’s quota the market remained quite with scattered demand. Rumours of 18 & 18.5 LMT have been wandering around the domestic markets, however there is no official news on the same from DFPD. Today in Maharashtra S/30 new crop sugar was traded at ₹2900-₹2920, whereas in Uttar Pradesh a few millers sold their sugar Rs.20-30 lower than yesterday, yet the overall market was stable. M/30 was traded at ₹3050 to ₹3090 (Rates are excluding GST).

? International: The market has been held with quietness and scanty demand. London White Sugar traded at $347.40, whereas US Sugar Traded $12.73.

The FOB indication for raw sugar was at $297-$302 & Indian White Sugar at $312-$317 with rupee getting stronger against dollar.

The demand of Raw Sugar range was ₹19000-19200/mt & White Sugar ₹19900-₹20100/MT on Ex.factory basis.

? Currency & Commodity: USD/INR was traded at 70.07 & USD/BRL 3.870, Domestic Crude Futures ₹3505 (-127), Crude WTI $49.98

? Equity: BSE Sensex closed at 36170 (+453 Points) & Nifty closed at 10858 (+129 Points)

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