Daily Sugar Market Update By Vizzie – 01/02/2020

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ChiniMandi, Mumbai: Saturday 1st February 2020

Domestic: The market witnessed good demand nationwide after the announcement of the monthly quota of sugar sales for the month of February 2020. According to sources, marketmen are optimistic of the sentiments remaining positive, demand to be good and prices to be firm.
Maharashtra: S/30 Sugar trades are taking place at Rs.3130 to Rs.3180/Qntl.
South Karnataka: S/30 trades are taking place at Rs.3290 to Rs. 3325 whereas M/30 trades are taking place at Rs.3375..
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to Rs.3390.
Gujarat: M/30 Sugar is trading at Rs.3310 to Rs.3350.
Kolkata: The trades for S/30 are taking place at Rs.3590 to Rs.3610 whereas M/30 trades are taking place at Rs.3630 to Rs.3675.
Tamil Nadu: S/30 Sugar is trading at Rs. 3375 to Rs.3400 whereas M/30 is trading at Rs.3425
*All the domestic rates except Kolkata are excluding GST.

International Market: According to reports, sugar prices settled mixed on Friday as London sugar fell back from a fresh 2-½ high on long liquidation.

Indian Indices crashed down over the budget failing to live up to high expectations from the government on the revival of the economy. Sensex ended today 1987.96 points lower at 39,735.53. Similarly, Nifty ended 300.25 points lower at 11,661.85

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