Daily Sugar Market Update By Vizzie – 04/11/2020

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ChiniMandi, Mumbai: Wednesday 4th November 2020
Domestic Market: Scattered demand was witnessed 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 ₹3235 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)

International Market: According to reports on Tuesday sugar prices fell back from highs ending with moderate losses after updated weather forecasts called for rain in the sugar-growing regions of Brazil.

London White Sugar front month contract is trading at $394.10/tn, whereas New York Sugar front month contract is trading at 14.71/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.590 whereas USD was trading with BRL at 5.7565 Crude futures traded at Rs.2888 Crude WTI traded at $38.70 a barrel. Indian Indices ended in the green. Sensex closed 355.01 points higher at 40,616.14 whereas Nifty ended 95 points higher at 11,908.50.

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