Daily Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Friday 7th Dec. 2018

? Domestic: The overall domestic market nationwide have been motionless. Traders in Maharashtra are trading at ₹2875-2890, Sugar millers are disheartened due to no demand in the market and are awaiting for some measure for the supply to accelerate. Market in Uttar Pradesh was also quiet, M/30 Sugar was traded at ₹3050 to ₹3090 In Chennai S/30 traded at ₹3180-3220 (Rates are excluding GST).

? International: The market has continued to remain flat today as well. London White Sugar traded at $342.80, whereas US Sugar Traded $12.70

? The FOB indication for raw sugar was at $297-$303 & Indian White Sugar at $312-$317
The demand of Raw Sugar range was ₹18700-18900/mt & White Sugar ₹19500-₹19700/MT on Ex.factory basis.

? Currency & Commodity: USD/INR was traded at 70.93 & USD/BRL 3.918, Domestic Crude Futures ₹3680 (+61), Crude WTI $51.95

? Equity: BSE Sensex closed at 35673 up by +361 Points & Nifty closed at 10693 up by 92 Points

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