Daily Sugar Market Update By Vizzie – 02/05/2020

165

ChiniMandi, Mumbai: Saturday 2nd May 2020

Domestic Market: The market has been steady nationwide.
Maharashtra: S/30 Sugar rates are Rs.3040 to Rs.3100/Qntl.
South Karnataka: S/30 rates are Rs.3280 whereas M/30 rates are Rs.3350.
Uttar Pradesh: The rates for M/30 rates are Rs.3100 to Rs.3130/Qntl.
Gujarat: The rates for New S/30 are Rs.3150 whereas M/30 are at 3200 to 3220/Qntl.
Tamil Nadu: S/30 Sugar rates are Rs.3300 to Rs.3400 whereas M/30 rates are Rs.3350 to 3400.

International: According to reports, sugar prices on Friday rallied sharply for a third day with NY sugar at a 1-month high and London sugar at a 1-1/2 month high. Sugar prices found support Friday from a +4% jump in crude oil prices to a 1-1/2 week high, which benefits ethanol prices and is supportive for sugar prices.

LEAVE A REPLY

Please enter your comment!
Please enter your name here