Daily Sugar Market Update by ‘Vizzie’ – 02/10/2019

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ChiniMandi, Mumbai – Wednesday 2nd October 2019

Domestic: The market was quiet, there was no much demand seen in the market today being a holiday on the occasion of Gandhi Jayanti.
Maharashtra: S/30 Sugar trades are taking place at Rs.3130 to Rs.3210/Qntl whereas M/30 trades took place at Rs.3270 to Rs.3380.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3430 to 3580.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3270 and M/30 Rs.3300 to 3370
Kolkata: The trades for M/30 are taking place at Rs.3825 to 3860.
Tamil Nadu: S/30 Sugar is trading at Rs.3390 to Rs.3525 whereas M/30 is trading at Rs.3450 to 3490.
*All the domestic rates except Kolkata are excluding GST

International Market: There was a good demand. London White Sugar front month contract is trading at $341.70/tn whereas US Sugar front month contract is trading at 12.87 cnts/lb at the time of writing this update. The FOB indication for Indian White Sugar at $322-324. The demand of White Sugar was ₹21000-₹21200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 71.227 meanwhile USD traded with BRL at 4.1745, Crude WTI traded at $53.98. Indian indices trading was closed on account of Gandhi Jayanti.

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