ChiniMandi, Mumbai: Monday 2nd November 2020
Domestic Market: The market witnessed moderate demand nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3125 to ₹3150/Qntl whereas M/30 ₹3240 to 3270.
South Karnataka: S/30 Sugar rates are ₹3195 to 3260 whereas, M/30 rates are ₹3225 to 3310.
Uttar Pradesh: The rates for M/30 are ₹3250 to 3285/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3375 whereas, M/30 rates are 3425.
(All the above rates are excluding GST)
According to reports on Friday, sugar prices ended mixed with New York sugar falling to a 2-week low. Sugar prices were undercut owing to weakness in crude oil prices, along with a slump in the Brazilian real.
London White Sugar front month contract is trading at $392.80/tn, whereas New York Sugar front month contract is trading at 14.46/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.441 whereas USD was trading with BRL at 5.7452 Crude futures traded at Rs.2601 Crude WTI traded at $34.86 a barrel. Indian Indices ended in the red. Sensex closed 143.51 points higher at 39,757.58 whereas Nifty ended 26.75 points higher at 11,669.15.
To Listen to this News click on the play button.