Daily Sugar Market Update By Vizzie – 01/12/2020

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ChiniMandi, Mumbai: Tuesday 1st December 2020
Domestic Market: The market witnessed moderate demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl whereas M/30 ₹3250 to 3270.
South Karnataka: S/30 Sugar rates are ₹3190 to 3250 whereas, M/30 rates are ₹3205 to 3300.
Uttar Pradesh: The rates for M/30 are ₹3300 to 3350/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3350 whereas, M/30 rates are 3350 to 3375.
(All the above rates are excluding GST)
International Market: On Monday, sugar prices ended low on a slide in crude oil prices along with weakness in the Brazilian real against the dollar.
March New York world sugar #11 (SBH21) closed down -0.31 at 14.51. March London white sugar #5 (SWH21) closed down -5.90 at $398.80

London White Sugar front month contract is trading at $397.10./tn, whereas New York Sugar front month contract is trading at 14.47/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.644 whereas USD was trading with BRL at 5.3170 Crude futures traded at Rs.3334, Crude WTI traded at $45.19 a barrel. Indian Indices ended in the green, sensex closed 505.72 points higher at 44655.44 whereas Nifty ended 140.10 points higher at 13,109.05.

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