Daily Sugar Market Update By Vizzie – 01/09/2020

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ChiniMandi, Mumbai: Tuesday, 1st September 2020
Domestic Market: The market was stable with no major movement.
In Maharashtra: S/30 Sugar rates from millers are ₹3140 to ₹3160/Qntl whereas M/30 ₹3240 to 3260
South Karnataka: S/30 Sugar rates are ₹3350 to 3400 whereas, M/30 rates are ₹3375 to 3450.
Uttar Pradesh: The rates for M/30 are ₹3325 to 3340/Qntl.
Gujarat: The rates for New S/30 are ₹3251 to 3255 whereas M/30 are at ₹3271 to 3281/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3400 to 3450 whereas, M/30 rates are ₹3450 to 3500.
(All the above rates are excluding GST)

International Market: According to reports, on Monday sugar prices posted moderate gains as a slump in the dollar index. London white sugar did not trade Monday with UK markets closed for a holiday. London White Sugar front month contract is trading at $363.20/tn, whereas New York Sugar front month contract is trading at 12.76/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 72.966 whereas USD is trading with BRL at 5.4925, Crude futures traded at Rs.3152, Crude WTI traded at $43.12 a barrel. Indian Indices ended in the green. Sensex closed 272.51 points higher at 38,900.80 whereas Nifty ended 82.75 points higher at 11,470.25.

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