Daily Sugar Market Update By Vizzie – 03/07/2020

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ChiniMandi, Mumbai: Friday 3rd July 2020
Domestic Market: The market witnessed moderate demand nationwide.
Maharashtra: S/30 Sugar rates from millers are ₹3170 to ₹3200/Qntl whereas M/30 ₹3270 to 3300
South Karnataka: The rates for S/30 are ₹3360 to 3400/Qntl whereas for M/30 are at ₹3450/Qntl.
Uttar Pradesh: The rates for M/30 are ₹3380/Qntl.
Gujarat: The rates for New S/30 are ₹3221 to 3231 whereas M/30 are at ₹3231 to 3271/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3385 to Rs.3425 whereas, M/30 rates are ₹3435 to 3450.
(All the above rates are excluding GST)

International Market:
According to reports, on Thursday, sugar prices settled mixed with NY sugar at a 1-1/2 week high , London sugar closed lower, as the outlook for adequate supplies weighed on prices.
London White Sugar front month contract is trading at $355.50/tn, whereas US Sugar front month contract is trading at 12.24/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.686 whereas USD traded with BRL at 5.3766, Crude futures traded at Rs.3001, Crude WTI traded at $40.15. Indices ended in the green, sensex closed 177.72 points higher at 36,021.42. Similarly, Nifty ended 55.65 points higher at 10,607.35.

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